Peloton Makes 3 More Acquisitions

Peloton Interactive (NASDAQ: PTON) is on a spending spree that could take it in new directions. The at-home fitness equipment maker has acquired three start-ups that will take it into the realm of artificial intelligence, digital voice assistants, and wearable devices.

The purchases were actually made late last year, Bloomberg reports, and they apparently didn't cost a lot of money, but they came right around the time Peloton announced it was acquiring rival Precor. Previously, Peloton bought Peerfit, a digital health company, and before that, Silicon Valley design firm Gossamer Engineering.

Image source: Getty Images.

Source Fool.com