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 th ...

Peloton Interactive Inc (NASDAQ:PTON) stock is soaring today, after reports that private equity firms are circling the company for a potential buyout. At last check, PTON was up 16.5% at $4.13. Options traders are swarming Peloton stock in response. So far, 96,000 calls and 65,000 puts have been exchanged, which is already five times the overall average daily options volume. The weekly 5/10 3.50-strike put is most popular, where new positions are being bought to open. Today's pop has the stock further remov ...

Rumors are swirling of a possible takeover of the connected fitness company. Shares of Peloton Interactive (PTON 16.20%) were soaring today after CNBC reported that private equity firms were considering making a buyout offer for the connected fitness company. As of 12:48 p.m. ET, the stock was up 12.6%. Is Peloton about to get a reprieve? It's no secret that Peloton's wheels have been spinning backward ever since the pandemic lockdowns eased. The company just issued another round of layoffs and ushered out ...

Key Takeaways Shares in fitness company Peloton jumped after CNBC reported private equity firms were exploring a buyout. Peloton announced last week that CEO Barry McCarthy would be leaving the firm as it planned to cut 15% of its staff. The company is looking to cut operating expenses by up to $200 million as it has failed to turn a profit since 2020. Shares in Peloton (PTON) kicked into a high gear Tuesday after news reports that a number of private equity firms may be considering a buyout. At least one f ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

Peloton's stock jumped Monday on news that the beleaguered high-end fitness company is being eyed by private equity firms for a potential buyout. The company, which has been trying to turn around mounting losses, started talks with one firm, people familiar with the matter told CNBC. The source didn't specify the firm's level of interest in actually acquiring the company, according to the report. Peloton told FOX Business in a statement that it does "not comment on speculation or rumors." Peloton's stock op ...

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported Tuesday. Shares of the fitness equipment maker rose 12% to $3.98. The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter. Peloton has posted 13 straight quarters of los ...

Topline Shares of at-home spin class company Peloton spiked 15% Tuesday morning, the company’s best day on Wall Street in over four months, following a report that a group of private equity firms are mulling a buyout of the company, which has struggled with floundering sales, layoffs and recalls since a pandemic-era boom. Peloton's shares surged Tuesday morning amid buyout speculation. Gado via Getty Images Key Facts CNBC reported several unnamed private equity firms are involved in the talks, citing unname ...

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months, the pandemic darling has had talks with at least one firm as it considers going private, people familiar with the matter ...

More cost cuts are on the way for Peloton Interactive as sales continue to slump. Peloton Interactive (PTON 6.86%) went public in 2019 at $29 per share. The company's at-home exercise equipment, fitted with digital screens and streaming capabilities, proved to be incredibly popular when the COVID-19 pandemic struck in 2020. Sales soared as lockdowns and social restrictions kicked in, and Peloton stock hit a record high of $171 in early 2021. But its incredible growth story began to fall apart that same year ...