Foxconn is branching out from its supplier roots by taking a staking in a camera maker.
The company, also known as Hon Hai Precision, said today that it has paid $200 million to acquire an 8.88 percent stake in GoPro, in turn valuing the camera maker at $2.25 billion overall.
In addition, Foxconn founder and CEO Terry Gou will join GoPro's board of directors.
Headquartered in San Mateo, Calif., GoPro makes a line of wearable and gear-mounted cameras that enable users to shoot videos of themselves in action. The cameras are used by athletes, video production people, … Read more