Amazon is exploring offer for Peloton, source says; report says Nike also weighing bid

(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth.

Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s board to put it up for sale.

Amazon is exploring an offer for Peloton and is speaking with advisers about whether…


Source link

About search

Check Also

Musk Leaves China With Tesla Driving Software Hurdles Cleared – Yahoo Finance

Musk Leaves China With Tesla Driving Software Hurdles Cleared – Yahoo Finance

[unable to retrieve full-text content]Musk Leaves China With Tesla Driving Software Hurdles Cleared  Yahoo Finance Source …

Leave a Reply

Your email address will not be published. Required fields are marked *