A number of private equity firms are considering acquiring Peloton, as the connected fitness company looks to refinance its debt and return to growth after 13 consecutive quarters of losses. CNBC reported on Tuesday.
Shares of the fitness equipment maker rose 12% to $3.98.
The New York-based company is considering going private and has been in talks with at least one company in recent months, the report said, citing people familiar with the matter.
Asked for comment on the report, a Peloton spokesperson said: “We do not comment on speculation or rumors.”
Last week, Peloton CEO Barry McCarthy resigned, and the company announced layoffs to cut costs in the wake of weak results.
Peloton lowered its full-year forecast after lower-than-expected third-quarter sales as demand for exercise bikes and treadmills declined despite price cuts.
A number of other private equity firms have been circling Peloton as a takeover target, but it is unclear whether any formal discussions have taken place, the report added.
