Speculations about e-commerce behemoth Amazon purchase of Pelton
(MENAFN) On Friday evening, Peloton -an at home workout business- had its stock soar in a prolonged trading session on Wall Street, fueled by speculations of the business possibly being purchased by e-commerce behemoth Amazon.
Peloton stocks climbed by 26.42 percent to USD31.10 soon before 5 a.m. UAE time.
Amazon has showed interest in Peloton, which has struggled to keep steady growth throughout the removal of the coronavirus limitations, according to numerous American media outlets.
On Friday, the Wall Street Journal reported, quoting sources, "Amazon has been speaking to advisers about a potential deal." Nevertheless, it further stated that "there's no guarantee the e-commerce giant will follow through with an offer or that Peloton, which is working with its own advisers, would be receptive".
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