Shares of GoPro Inc. (NASDAQ:GPRO) rose for a second day after a report said that Chinese firm Xiaomi may make an offer for the maker of action cameras.
The stock climbed 3.3% to US$5.39 at 9:53 a.m., giving the company a market value of US$750mln.
Xiaomi is considering an offer but doesn’t want to overpay, The Information reported, citing a person close to the matter. Dropbox may garner US$1bln in a takeover bid, according to the website.