Yesterday, The Wall Street Journal reported that Amazon was considering an acquisition of Peloton.
The WSJ article noted that “other potential suitors are circling”, and more companies might show interest attempting to purchase Peloton.
The Financial Times followed up that report with news that Nike is one of the other companies considering acquiring Peloton.
Like Amazon, Nike has not actually approached Peloton with an offer, and both companies are simply debating internally.
The report notes that even if a company does decide to make an offer to Peloton, they would face an uphill battle if Peloton’s CEO John Foley came out against it:
Any deal would be hard to get done without the backing from John Foley, Peloton’s co-founder, and other insiders due to the company’s dual-class shareholder structure, which gives them veto power on all big decisions.
FT also shared that Nike has previously considered trying to acquire Peloton – before they went public in 2019. However, Nike company decided to instead focus on software rather than hardware, so didn’t pursue the acquisition further at the time.
Assuming Peloton did get acquired, would you prefer it to be by Nike, or Amazon?
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