Planet Fitness loses 11th hour bid to acquire bankrupt Blink

In an aerial view, customers leave a Planet Fitness gym on May 09, 2024 in Richmond, California. Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. The two higher bids came after it lost out in bankruptcy auction to U.K.-based, privately held fitness chain PureGym. Late Tuesday, Delaware's bankruptcy court formally ...