Peloton investor wants it to sell up to Apple, Disney, or Nike
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What you need to know Peloton has been told that it should sell to Apple among others. Blackwells Capital wants Apple, Disney, or Nike to be sounded out for a buyout. Blackwells called for CEO John Foley to be ousted. Blackwells Capital also wants CEO and co-founder John Foley to be kicked out of the company. The troubles facing Peloton are well known with the company reportedly slashing production of its fitness devices as well as its workforce. Recent talk has Apple as a potential buyer for the company and now one investor wants that to be more than idle chat. Peloton has reportedly received a letter from Blackwells Capital, a company that owns a stake of less than 5% of the company. Apparently ignoring that fact, Blackwells not only wants Apple to be sounded out for a potential buyout but also wants co-founder and CEO John Foley to be kicked out. Bloomberg has reportedly seen the letter itself. Blackwells Capital LLC, which has a stake of less than 5%, has called for the...