Amber Neely
As consumer interest in Peloton wanes, companies have begun expressing interest in purchasing the home-fitness equipment purveyor.
Popular during the early phase of the COVID-19 pandemic, Peloton Interactiverecently halted production of its bikes and treadmills due to a lack of interest.
As Peloton's stock sags, interested buyers have lined up to discuss a potential purchase of the company, as learned by The Wall Street Journal.
One purportedly interested party is Amazon, reportedly speaking to advisors about a potential purchase. However, according to those familiar with the matter, there is no imminent deal at this time.
If a company were to purchase Peloton, they could pay quite a bit. WSJ notes that Peloton's market value is around $8 billion, down from its 2021 high of $50 billion.
Yet, the purchase would give the buying company access to Peloton's consumer base and their data. According to Backlinko, that number was around 5.9 million members as of last June.
The data could prove very useful to any company looking to grow its own health and wellness technology branch.
News of the interest jumped Peloton's shares 30% in after-hours trading on Friday.
In 2020, Amazon launched the Amazon Halo, the company's first foray into fitness trackers. The tracker gained notability for its always-on microphone that was used to track a user's tone of voice while wearing it.
William Gallagher
Christine McKee
AppleInsider Staff
Chip Loder
Malcolm Owen
42 Comments
What about Apple buying it ? Fits with Apple's health fitness agenda.
In related news, Amazon in talks to purchase the entire planet.
Oh Christ no
Amazon buying them for their customer data would be rank stupidity on their part. It’s a lazy strategy that never really pays off but keeps being repeated by CEOs over and over.
Now Apple or Withings buying it as a way to expand their wellness range makes a lot more sense.