Embattled Peloton shares soar as private equity firms reportedly consider buyout
PTONPeloton(PTON) New York Post·2024-05-07 23:23

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 losses REUTERS “We do not ...