Starman Optical proposes a $285 million cash merger with GoPro

Starman Optical has proposed a merger with GoPro that would provide $285 million in cash. The structure is expected to retire GoPro’s debt, while GoPro shareholders would retain 10% of the combined company.

Starman is described as a holding company linked to the Tabili or Tabell family and connected to consumer-accessory brands including Incase, Incipio and Griffin. GoPro would fit within that portfolio’s electronics and accessories business.

The transaction is not necessarily a pivot by GoPro into AI. Starman has a separate photonics division focused on high-speed optical networking equipment for AI data centers. GoPro’s Nasdaq listing is expected to remain in place, with its ticker representing the holding company.