Peloton Draws Takeover Interest From Amazon and Nike

Sunday - 06/02/2022 07:06
Amazon and Peloton declined to comment to both papers and Nike didn’t immediately respond to the FT’s request for comment.
Close-up of logo for Peloton on exercise bicycle San Francisco, California, on June 14, 2021. Smith Collection—Gado/Getty Images
Close-up of logo for Peloton on exercise bicycle San Francisco, California, on June 14, 2021. Smith Collection—Gado/Getty Images

Bloomberg — Peloton Interactive Inc. is attracting interest from potential suitors including Amazon.com Inc., the Wall Street Journal reported, citing people familiar with the matter. Shares of the home fitness company surged as much as 43% in extended trading Friday.

Amazon has been speaking to advisers about a potential deal, the newspaper said. There’s no guarantee the tech giant will follow through with an offer or that Peloton, which is working with its own advisers, would be receptive to an approach. Other potential suitors are circling, the WSJ reported, though no deal is imminent.

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Author: Editors Desk

 Keywords: Peloton

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