Peloton Ex-CEO Sells $50 Million of Stock to Firm Linked to Michael Dell
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John Foley
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Peloton Interactive Inc. co-founder John Foley, who stepped down from the chief executive officer role last month, sold about $50 million in stock to MSD Partners, a firm that manages money for billionaire Michael Dell.
The sale involved 1.92 million shares, according to a regulatory filing Wednesday. MSD Partners is run by Goldman Sachs Group Inc. veteran Gregg Lemkau and oversees assets of more than $20 billion, including for Dell and outside investors.