Private Equity Firms Eye Potential Buyout of Peloton as It Struggles with Hardware Woes and Recalls from 16 os ka cut Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:36 👁 View: 70K times ✓ Published: 08-May-2024
Description: Several private equity firms have been considering a buyout of Peloton, according to sources. At least one firm has held talks with Peloton about potentially going private. Firms have looked at how to cut Peloton's operating expenses to improve the attractiveness of an acquisition. Peloton recently announced cost-cutting plans, job cuts, and the departure of its CEO. Peloton's hardware business has struggled as high costs and recalls hurt demand. Its subscription business is profitable, but it has faced 13 straight quarters of losses.