09:37 AM EDT, 05/07/2024 (MT Newswires) -- (Updates with additional details throughout, adds stock move.)

Several private-equity companies have been considering a buyout of Peloton (PTON), which has recorded 13 consecutive quarters of losses, CNBC reported Tuesday, quoting unnamed sources with knowledge of the situation.

Peloton shares were up more than 11% in recent trading.

The company held talks in recent months with at least one private-equity firm as it mulls going private but that firm's interest level in buying the fitness company is not clear, the report said, adding that other firms have also been circling the company as an acquisition target.

Peloton didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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