POTENTIAL DEAL DETAILS
|Peloton Interactive, Inc.
|Wall Street Journal
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 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.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.