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Peloton ex-CEO John Foley sells $50 million in stock to Michael Dell’s investment firm

March 3, 2022

Peloton co-founder and ex-CEO John Foley has sold about $50 million in stock to an investment firm backed by Michael Dell, MSD Partners, according to a securities filing.

The sale involved about 1.92 million shares, the Wednesday filing said. Foley still owns enough after the sale to maintain effective voting control of Peloton. CNBC