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Benzinga
Benzinga
Business
Shanthi Rexaline

Peloton Scouting For Minority Investment To Get Its Business On Track: Report

Beleaguered at-home fitness brand Peloton Interactive, Inc. (NASDAQ:PTON) is looking for a lifeline to rescue it from a troublesome situation.

What Happened: Peloton is seeking to sell a minority stake of 15% to 20% to potential investors from among peers and private-equity partners, the Wall Street Journal reported, citing people familiar with the matter.

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