BODY - Luxury gym Equinox's talks with Palihapitiya-backed SPAC are said to fall apart

Cindy Ord/Getty Images Entertainment Gym own Equinox's talks with a Chamath Palihapitiya-led SPAC have reportedly ended. Talks between Equinox, known for operating SoulCycle (SOULC) indoor spinning centers, and SPAC Social Capital Hedosophia Holdings VI (IPOF) ended on a disagreement over the combined business's valuation, according to a Bloomberg report, which cited a person familiar. In early May Bloomberg reported on the talks between the two parties and said that a transaction could value the combined company at more than $7.5B. The report comes as The Beachbody Company (BODY), the fitness platform which de-spac'd last week, traded at its lowest point since it started trading last week. It was also reported late last month that Pure Barre parent Xponential Fitness was seeking an IPO likely valuing firm at some $1.3B. Sportico reported in late March that SoulCycle and Equinox  were reportedly in talks to go public through a SPAC. Equinox was reportedly having meetings with

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Luxury gym Equinox's talks with Palihapitiya-backed SPAC are said to fall apart