PYMNTS.com May 7, 2024
Private equity firms have reportedly been considering a buyout of Peloton.
At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday (May 7), citing unnamed sources.
A deal may not be made, and Peloton may remain a public company, according to the report.
When asked by CNBC about these reports, a Peloton spokesperson said, “We do not comment on speculation or rumors,” per the report.
These discussions come at a time when Peloton’s market capitalization has fallen to $1.3 billion as of Monday (May 6), down from its high of $49.3 billion in January 2021, the...
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