GoPro major shareholder Markiplier opposes planned Starman Optical merger

The short version

• YouTube creator Markiplier announced he opposes GoPro's proposed merger with Starman Optical, expressing disappointment with the deal.[Business Insider]
• Despite his opposition, merger terms position him to collect approximately $15 million in cash across his 13.5 million shares.[Business Insider]
• GoPro chief executive Nick Woodman commands roughly 62% voting control, allowing him to push through the transaction regardless of outside dissent.[Business Insider]

Key facts

• Markiplier holds an 8.5% stake in GoPro, making him the camera company's largest external shareholder.[Business Insider]
• The planned merger terms with Starman Optical would yield Markiplier a cash payment of around $15 million, or $1.14 per share.[Business Insider]
• GoPro CEO Nick Woodman maintained around 62% voting power as of May, giving him the votes to pass the merger independently.[Business Insider]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• YouTuber Markiplier says he'd vote against GoPro's merger, though he stands to get a $15 million check from itBusiness Insider metered