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Former Spotify exec Barry McCarthy was appointed as CEO of fitness-tech firm Peloton earlier this month amid suggestions that the company may be up for sale. In his first interview since taking the role, McCarthy has pooh-poohed the idea, citing his relocation as proof.

“If I thought it was likely that the business was going to be acquired in the foreseeable future, I can’t imagine it would be a rational act to move across the country,” he told the Financial Times. “There are lots of other things I could be doing with my time that are quite lucrative than hanging out with a business that’s about to be sold.” Which rather swerves the fact that overseeing a successful, lucrative sale of Peloton would surely also be lucrative for its incoming CEO.

Still, McCarthy maintained that organic growth with new fitness machines and even more digital content is the strategy for Peloton – the latter should be good news for the company’s music partners.

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