Private equity firms consider potential Peloton buyout, CNBC reports

Private equity firms are considering a buyout of Peloton, a fitness company struggling with 13 consecutive quarters of losses and looking to refinance its debt. Peloton's shares surged 20.6% following the report. The company, which recently saw its CEO resign and announced job cuts, has been in discussions about going private. Despite reducing prices, Peloton reported lower-than-expected revenue and cut its full-year forecast due to declining demand for its products.