Peloton said it will acquire the fitness equipment manufacturer Precor in a deal worth $420 million. Peloton said the deal was motivated in large part by Precor’s U.S.-based manufacturing capacity, which Peloton said will allow it to deliver its connected fitness cycle and other products to its customers more quickly. Since the pandemic led to a surge in sales of Peloton’s products, the...
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The Takeaway Policy COVID-19
What Tech Can Do for Local Governments, Pandemic Edition
There was a period early in the pandemic when I wondered if Covid-19 would be the crisis that finally pushed Silicon Valley and Washington together. Google was promising to develop a website with nationwide information about testing and risk levels. In a rare collaboration to help the government and health officials, Apple and Google said they would team up on contact-tracing apps. Not much has...
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