Peloton will spend nearly a half billion dollars on an acquisition to help it better keep up with demand for its popular bikes and treadmills. As announced in a press release, Peloton will acquire the exercise equipment manufacturer Precor for $420 million, with the deal expected to close in early 2021.
Peloton has launched a new beta testing program for its members. Dubbed the Peloton Field Testing Community, the company is looking for members to help test new features and products. Peloton says that there is a “limited” number of spots in the community, and interested users can sign up today.
Peloton has officially announced that popular Bike instructor Jess King will be bringing her coaching talent to the Tread as well. After several months of rumors, the first on-demand Peloton Tread classes with Jess are now available, and she will coach her first live Tread class later today.
And if you’re a fan of Jess’ Bike classes, she’ll continue coaching those as well.
Peloton this week officially unveiled its new Bike+, bringing a variety of new features and changes compared to the original Peloton Bike. In conjunction with the Bike+ introduction, Peloton also dropped the price of the standard Bike, creating a tricky dilemma for current Peloton owners and new shoppers alike. Read on as we round up everything we know about the Peloton Bike vs Peloton Bike+.
A new report from Bloomberg today offers additional details on Peloton’s upcoming hardware plans. According to the report, the company could announce its cheaper treadmill and higher-end bike as soon as next week. The existing Peloton bike could get a price drop in conjunction with these announcements.