Amazon reportedly circling exercise bike maker Peloton as company flounders | Business

Peloton is drawing interest from potential suitors including Amazon, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The at-home exercise bike maker’s shares surged 40% in extended trading on Friday.

Last month, the activist investor Blackwells Capital called on Peloton’s board to remove the company’s CEO, John Foley, and put the company up for sale.

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News Source: https://www.theguardian.com/business/2022/feb/04/peloton-amazon-potential-acquisition-deal

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