The San Mateo, CA-based wearable camera company will buy the two editing applications for a total of $105 million in cash and stock, Bloomberg reports.
Replay was created by the Paris-based web service Stupeflix and Splice was created by the Austin-based mobile application company Vemory.
The acquisitions will make mobile editing simpler for users, GoPro said.
"Splice, Replay and GoPro will combine to deliver what we believe will be the fastest and most enjoyable mobile editing experience," GoPro CEO Nicholas Woodman said in a statement. "We believe the accessibility, speed and efficiency of mobile will make it the predominant editing platform of the future."
GoPro stock closed down 3.41% to $11.88 on Monday.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, feeble growth in its earnings per share, deteriorating net income, poor profit margins and weak operating cash flow.
You can view the full analysis from the report here: GPRO