US tech firm GoPro has called on JPMorgan for help with any potential sale of the company, according to anonymous insiders. The move follows a 19% drop in GoPro's share price, after it said it was trimming roughly 20% of its workforce, and reduced Q4 guidance from $470m in revenue to $340m, due to slow Christmas sales. CEO Josh Lipton told CNBC the firm would look at an acquisition by a parent company, but no details regarding any potential buyers or discussions have been released.
US tech firm GoPro has called on JPMorgan for help with any potential sale of the company, according to anonymous insiders. The move follows a 19% drop in GoPro's share price, after it said it was trimming roughly 20% of its workforce, and reduced Q4 guidance from $470m in revenue to $340m, due to slow Christmas sales. CEO Nick Woodman told CNBC the firm would look at an acquisition by a parent company, but no details regarding any potential buyers or discussions have been released.