Business
Amazon buying AMC isn’t as crazy as you think
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Shares of AMC Entertainment Holdings (NYSE: AMC) moved higher on Thursday morning on chatter that Amazon.com, Inc (NASDAQ: AMZN) could emerge as a potential suitor. Right now, it’s just little more than collective wishful thinking from the AMC bull camp.
There are no credible media outlets with sources claiming that talks between the two parties are happening. However, there were reports last year that Amazon and AMC were in preliminary negotiations before talks broke down. There were also more substantiated reports of Amazon in the running to acquire the smaller Landmark Theatres in 2018, but that also faded to…
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