Peloton seeks buyers for minority stake – WSJ

div classBodysc17zpet90 cdBBJodivpReuters – Fitness equipment maker Peloton Interactive Inc is exploring the sale of a sizable minority stake in the company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.p

pThe New Yorkbased company is seeking potential investors including industry players and privateequity firms that could buy a stake of around 15 to 20, the report said.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pTalks are at an early stage and there are no guarantees the company will find a taker or agree to a deal, according to the report. p

pPeloton did not immediately respond to a Reuters request for comment.p

pThe company became an investor darling during the pandemic but has struggled in recent months as people step out and return to gyms after COVID19 curbs were eased. p

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pp Reporting by Ruhi Soni in Bengaluru Editing by Aditya Sonip

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