Peloton stock spikes on reports Amazon, Apple and Nike may be kicking tires
CBSN
The stock price of interactive stationary-bicycle maker Peloton climbed Monday amid unconfirmed reports that potential big-name suitors, including Amazon, Apple and Nike, are considering buying out the embattled fitness company.
Peloton shares were up 32% in premarket trading Monday following reports that such tech giants and consumer powerhouses are mulling bids. By the afternoon, Peloton's stock price was up about 15%, to around $28 a share.
The Wall Street Journal on Friday reported that Amazon and others are in the early stages of considering an acquisition, citing people the news outlet said were familiar with the matter. The Financial Times reported Nike also was considering acquiring the home fitness equipment maker, which boasts roughly 3 million subscribers to its streaming video-exercise offerings.
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