Peloton Draws Takeover Interest From Amazon and Nike

Author: Editors Desk Source: Time Magazine:

February 6, 2022 at 07:06

Close-up of logo for Peloton on exercise bicycle San Francisco, California, on June 14, 2021. Smith Collection—Gado/Getty Images

Amazon and Peloton declined to comment to both papers and Nike didn’t immediately respond to the FT’s request for comment.

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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