Julie Hyman highlights top business stories, including Wynn Resort's plans to sell its online sports betting business, Peloton suffering a PR setback after a character in 'Billions' suffered a heart attack while riding the Peloton bike, and Ford's debut for its 2022 Bronco Raptor.
JULIE HYMAN: Casino giant Wynn Resorts reportedly trying to sell its online sports betting business at a large discount. That's according to the "The New York Post." The company is looking to unload its Wynn Interactive unit for a slashed price of $500 million. That's less than a year after floating a $3 billion valuation for it. And this coming also after Wynn scrapped its November plans to bring Wynn Interactive public via merger with a SPAC.
Peloton is suffering yet another PR blow on the season six premiere of TV series "Billions." One of the lead characters, Mike Wagner-- sorry, spoiler alert, folks-- Wags, as he's also known, he suffers from a heart attack while riding the bike. Fortunately, he does not suffer the same fate as Mr. Big on "And Just Like That, " that reboot of "Sex and the City." Peloton took to Twitter to say the company did not agree for its brand or IP to be used on "Billions."
And Ford just launched a Raptor version of its Bronco SUV that'll go on sale later this year for a starting price of about $70,000. The new car looks similar to current models but has a variety of new performance and off-road parts designed for desert racing. The company said the majority of its first new models will be offered to existing reservation-holders, as it looks to complete an order bank of thousands of reservation-holders for current models.