Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon, as the exercise bike maker struggles to maintain pandemic-fueled growth.
Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon , according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth.
Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company's board to put it up for sale.Amazon is exploring an offer for Peloton and is speaking with advisers about whether and how to proceed, a source said. Peloton has not yet decided whether it will explore a sale, according to the source.
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