GoPro CEO Nick Woodman, while speaking on CNBC, said he would look at an acquisition proposal from a larger company. Woodman noted that he'd "entertain" becoming part of bigger company.

GoPro shares are down 19% to $6.07 after the company preannounced weaker than expected Q4 sales, another round of layoffs and its exit from the drone market.

Also:

GoPro to exit 'untenable' drone market despite number 2 position

GoPro said in this morning's press release, "Although Karma reached the #2 market position in its price band in 2017, the product faces margin challenges in an extremely competitive aerial market. Furthermore, a hostile regulatory environment in Europe and the United States will likely reduce the total addressable market in the years ahead. These factors make the aerial market untenable and GoPro will exit the market after selling its remaining Karma inventory. GoPro will continue to provide service and support to Karma customers."