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According to WSJ, Blackwells Capital pushes Peloton Interactive to explore a sale

  • January 24, 2022


StockPeloton Interactive, Inc.SymbolPTON
Date Announced01/23/2022Source Wall Street Journal
TypeNews Report

Activist investor Blackwells Capital LLC wants Peloton Interactive Inc. (PTON) to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.


February 4, 2022: Peloton Interactive Inc. (PTON) is drawing interest from potential suitors including Amazon.com Inc., (AMZN) according to people familiar with the matter.

February 8, 2022: Peloton Interactive Inc. (PTON) co-founder John Foley, who has led the company for its entire 10-year existence, is stepping down as CEO and will become executive chair. Barry McCarthy, the former chief financial officer of Spotify Technology SA and Netflix Inc., will become CEO and president and join Peloton’s board.

February 14, 2022: Peloton’s (PTON) new chief executive has dismissed the idea that the home fitness group could be put up for sale, pledging instead to pursue growth by doubling down on content, expanding to new countries, and increasing its product portfolio.

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