Xiaomi probably to acquire GoPro

According to Bloomberg, Xiaomi is considering making an offer on GoPro. Xiaomi is world’s fifth largest smartphone manufacturer and now it eyes to step up its presence in action cam market.

Xiaomi already has its action cameras and they are good but GoPro still is the top player making some of the best action cameras which are used by professionals as well as average man.

In January GoPro announced that they are giving up on its drone business as it wasn’t making enough money and in that interview GoPro CEO made a statement that

“If there was an opportunity to merge GoPro with a larger parent company,”

Although we don’t know that Xiaomi will really buy the company as details are bit spare. If this deal happened it’s speculated to be about a billion dollars.

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