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Is It Time for Peloton to Put Itself Up for Sale?

Rich Duprey, The Motley Fool
·4 min read
Is It Time for Peloton to Put Itself Up for Sale?

It was only this past January when talk of putting Peloton Interactive (NASDAQ: PTON) up for sale began to gain traction. Amazon (NASDAQ: AMZN) was reportedly interested in making an offer, and Peloton itself was rumored to be selling at least a small stake in the business to inject some cash as sales cratered. Founder John Foley held a supermajority of voting stock in the business, and he was not likely to sell the company he created, even after stepping down from the CEO role.

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