- Microsoft (NASDAQ:MSFT) says it has struck a licensing deal with GoPro (NASDAQ:GPRO) related to "certain file storage and other system technologies." Terms are confidential.
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GPRO +4.3% after hours to $10.39, after rising 1.8% in regular trading on an ugly day for markets. The action camera leader sold off yesterday after issuing weak guidance in its Q4 report.
- In recent years, Microsoft has struck licensing deals with Samsung, ZTE, and many other Android OEMs. The shares of the licensees generally haven't risen in response.