Report: Peloton Pursuing Minority Investor
Peloton Interactive is reportedly looking for a suitor to take a minority stake of 15% in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The Wall Street Journal, which first reported on the potential development, said the discussions with possible interested parties have only begun, and there is no guarantee that one will emerge. Certainly, Peloton could use new capital as it continues developing a turnaround strategy under McCarthy and remains under pressure from activist investor Blackwells Capital LLC which ... Log in to view full article.