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Peloton announces $420 million deal to buy fitness equipment maker Precor

Peloton announces $420 million deal to buy fitness equipment maker Precor

Peloton said it will buy exercise equipment manufacturer Precor for $420 million. As a part of the deal, Peloton will acquire Precor’s sprawling manufacturing space. Following this, Peleton’s shares soared over 8% in Monday’s after-hours trading. Demand for Peloton’s equipment has surged during the pandemic and this deal is seen as the company’s bid to speed up production and meet delivery time.

Simone
Simone
Seekster
Seekster 1 months

Did anyone else misread the headline at first as "Pelosi reaches deal to buy fitness equipment?"

Fast Eddy
Fast Eddy 1 months

Probably a deal made in cash with all the money they are swimming in from the lockdowns. Gotta say, they positioned themselves well and really capitalized on the economic state.

🤡🌐🙅🏿‍♀️
🤡🌐🙅🏿‍♀️ 1 months

420, nice

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