(Bloomberg) — Peloton Interactive Inc. is attracting interest from potential suitors including Amazon.com Inc., the Wall Street Journal reported, citing people familiar with the matter. Shares of the home fitness company surged as much as 43% in extended trading.
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Amazon has been speaking to advisers about a potential deal, the newspaper said. There’s no guarantee the tech giant will follow through with an offer or that Peloton, which is working with its own advisers, would be receptive to an approach.
Other potential suitors are circling, the WSJ reported, though no deal is imminent. Amazon, through a spokeswoman, declined to comment. Peloton also declined to comment on the report.
Peloton was a darling of the pandemic as people at home during lockdowns turned to its fitness bikes and online classes for exercise. But shares have fallen more than 80% from their…
