A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri/File Photo
NEW YORK : Peloton Interactive Inc and NordicTrack maker iFit said on Monday they have reached a comprehensive settlement to end all pending litigation between them, and that the litigation will be dismissed.
In a joint statement, the companies said Peloton agreed to license some iFit patents concerning remote control technology, while iFit will remove some on-demand leaderboard technology from its products.
Source: Reuters