Chinese electronics firm Xiaomi might make a bid for GoPro, according to The Information.
The report, citing a source, said Xiaomi “has weighed whether to make an offer but doesn’t want to overpay.”
Shares of GoPro rose by 35 cents, or 7.2 percent, to $5.22, on Thursday.
GoPro CEO Nick Woodman had previously expressed that he would be willing to listen to a buyout deal and hired investment bank JPMorgan Chase & Co. to advise it on the terms of a potential sale.
