Private equity firms consider potential Peloton buyout, CNBC reports

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Peloton (PTON) stock surges 20% on report of private equity buyout interest

May 7, 2024 8:49 AM EDT

Several private equity firms have been exploring the possibility of acquiring Peloton (NASDAQ: PTON) as the connected fitness company seeks to refinance its debt and return to growth following 13 consecutive quarters of losses, CNBC reported on Tuesday.

The companys shares surged more than 21% on the... More