Shares in at-home fitness company Peloton jumped evening in extended trading on Wall Street amid reports of the company’s potential takeover by e-commerce giant Amazon.
Shortly before 8:00 pm (0100 GMT), Peloton shares surged 26.42 percent, to $31.10.
Several American media reported on Amazon’s interest in Peloton, which has struggled to maintain growth amid easing Covid-19 restrictions.
“Amazon has been speaking to advisers about a potential deal,” the Wall Street Journal reported Friday, citing sources. It added, however that “there’s no guarantee the e-commerce giant will follow through with an offer or that Peloton.—AFP
