(Reuters) – Activist investor Blackwells Capital LLC is making ready to push Peloton Interactive Inc’s board to fireplace Chief Government Officer John Foley and discover a sale of the train bike maker, the Wall Road Journal reported on Sunday, citing individuals conversant in the matter.
Blackwells Capital believes Peloton may very well be a pretty acquisition goal for bigger expertise or fitness-oriented firms, in keeping with the report.
Peloton and Blackwells Capital didn’t instantly reply to Reuters’ requests for remark.
(Reporting by Bhargav Acharya in Bengaluru; Modifying by Christopher Cushing)
Supply: KFGO
