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© grzegorz kula dreamstime.com Electronics Production | December 27, 2012

Foxconn buys USD 200M stake in GoPro

Taiwan-based EMS-giant Foxconn has bought a 9% stake in much-buzzed-about camera maker GoPro.
The USD 200 million investment would value the privately held GoPro - which makes waterproof and durable cameras - at about USD 2.25 billion.

In addition, Foxconn founder and CEO Terry Gou will join GoPro's board of directors.

Foxconn didn't reveal the specific reasons behind the deal but its CEO clearly views GoPro as a potentially lucrative investment.

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