Deals
Peloton Is Said to Draw Takeover Interest After Share Plunge
- Home fitness company working with adviser to explore options
- Amazon, Nike are among potential suitors, newspapers report
A Peloton bike for sale at the company's showroom in Dedham, Massachusetts, U.S.
Photographer: Adam Glanzman/BloombergThis article is for subscribers only.
Peloton Interactive Inc. is evaluating interest from potential suitors after a plunge in the shares of the home fitness company made it a takeover target, according to people familiar with the matter.
The New York-based company is working with an adviser to explore options, said the people, who asked not to be identified because discussions are private. The takeover interest is exploratory and may not lead to a transaction, they said.