‘Tis the season of mergers, acquisitions, and investments. At around the same time Adobe announced its acquisition of Behance yesterday, Taiwanese gadget manufacturer Foxconn (officially known as Hon Hai Precision) announced that it has snatched up 8.88% of GoPro for $200 million. The deal values the California-based action-camera maker at a whopping $2.25 billion.
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At a special event in San Francisco tonight, GoPro launched its latest action camera: the Hero3. Compared to the Hero2 that it succeeds, the new camera is both more portable and more capable. It’s 30% smaller and 25% lighter, making it great for helmet cams and attaching to random things. The image processor inside is twice as fast, allowing the camera to shoot both video and photographs at faster frame rates.
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Where the action cam market is concerned, GoPro is king. For the last few years if you wanted to go sky diving, snowbording, mountain biking, or any other extreme sport and video tape yourself doing it, you’d probably be strapping a GoPro to one of your appendages. Sony and JVC, however, are looking to get in on some of the extreme sports action — and both are doing it in style with new action cam offerings. Read more…