Published on 8 May 2024 on Benzinga via Yahoo Finance
Peloton Sees Interest For Potential Buyout From Private Equity, Stock Soars
Peloton Interactive Inc. (NASDAQ:PTON) shares are trading higher following a report suggesting that private equity firms are considering a potential buyout of the company.
The update comes amid Peloton’s business turnaround plans after 13 straight quarters of losses, CNBC reports.