GoPro just avoided bankruptcy with a $285 million rescue deal

As part of the proposed acquisition, GoPro shareholders will receive $285 million in cash, or $1.14 per share, while retaining approximately a 10% stake in the combined company. The merged entity will remain publicly listed on heNasdaq. The $1.14-per-share offer represents nearly double the $0.60 at which GoPro's stock was...