Vidostream | News, sport and opinion from the Vidostream's US Edition

https://vidostream.com

Peloton Draws Takeover Interest From Amazon and Nike

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.

Read More (...)

Author: Editors Desk

Source: Time Magazine:

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second