PTON Stock Recent News

Peloton provided shareholders with another disappointing financial update. There are rumors swirling about a potential buyout of the business.

Peloton Interactive (PTON) has reportedly hired JPMorgan to help it raise $850 million in a new loan sale to settle its debts. The fitness equipment brand was once considered to be a "pandemic darling" when consumers were stuck at home at the beginning of the COVID-19 pandemic in 2020.

NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Peloton Interactive, Inc. (NASDAQ:PTON). The settlement provides for a fund of $13,950,000 to benefit class members.

Could the rumors be true? Private equity firms are circling fitness company Peloton Interactive Inc. NASDAQ: PTON for a potential buyout.

Peloton became a household name due to the popularity of its digitally connected exercise equipment. The company has struggled to expand its business model in recent years.

Private equity firms are reportedly eyeing Peloton as a takeover target. This may be a good outcome for everyone as Peloton's turnaround has stalled.

Connected rowing company Hydrow is growing and Peloton is shrinking as fitness buffs move away from cardio in favor of weights.

A buyout might be the best for everyone at Peloton.

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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.