Peloton announced plans to acquire fitness equipment-maker Precor for $420M, aiming to establish US manufacturing capacity for its home fitness cycles and treadmills and “accelerate its growth in commercial verticals.” Peloton stock is up ~400% in 2020 amid a surge in home exercise demand.
Extra: Here’s the press release from Peloton.
The New Paper
This story is from the December 22, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
