3.9k Share this

Peloton Interactive Inc. is exploring a sale of a sizable minority stake, in an effort to shore up its business as the once-hot bike maker’s stock continues to sink.

The fitness company is targeting potential investors including industry players and private-equity firms that could take a stake of around 15% to 20%, according to people familiar with the matter. Discussions are at an early stage and there are no guarantees the New York-based company will find a taker or agree to a deal.

Source: This post first appeared on http://marketwatch.com/

3.9k Share this
You May Also Like

Terra were offering unsustainable yields; DeFi can support financial inclusion

Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference,…

Tesla Is Not Green

The S&P 500 ESG Index has kicked out Tesla Inc (TSLA), the…

Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Although Web3 has become a sort of buzzword in the cryptocurrency community,…

Mainland Markets Shrug Off Headlines

China Last Night KraneShares Key News Asian equities were mixed overnight as…

Netflix Under Fire—Again—Over Trans Jokes, This Time By Ricky Gervais

Topline Seven months after dozens of Netflix staffers walked out of work…

Today’s ‘Wordle’ Word Of The Day #339 Answer And Hint: Monday, May 24th

Here’s today’s Wordle answer plus a helpful hint.

Bitcoin’s current setup creates an interesting risk-reward situation for bulls

The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds…

Kylian Mbappe Will Never Achieve True Greatness Staying In France

PARIS, FRANCE – MAY 21: Kylian Mbappé poses with PSG President, Nasser…