Chinese handset-maker Xiaomi may purchase U.S.-based action camera producer GoPro, Chinese news website PingWest reported on Wednesday.
The deal is deemed by the market as positive news for GoPro, which has faced sluggish sales and a decline in its market capitalization to $761 million now from $10 billion in its peak period in 2013, the report said.
Several months ago, GoPro contacted Shenzhen-based drone developer DJI Innovations about a potential deal, but DJI backed away citing "GoPro's lack of value," the report noted.
