Peloton Seeks Minority Investment to Shore Up Business

Peloton Interactive Inc. is exploring a sale of a large minority stake, in an effort to shore up its enterprise because the once-hot bike maker’s inventory continues to sink.

The health firm is concentrating on potential traders together with trade gamers and private-equity corporations that would take a stake of round 15% to twenty%, in keeping with folks accustomed to the matter. Discussions are at an early stage and there aren’t any ensures the New York-based firm will discover a taker or comply with a deal.

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