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AMC Soars on Report Amazon Weighs Offer for Theater Chain

Amazon is reportedly weighing a possible acquisition of AMC Entertainment Holdings, the struggling movie-theater chain with a market value of about $4 billion.

1 min read
  • AMC Entertainment Holdings rose 13% after news that Amazon is considering acquiring the chain.
  • Amazon has investment advisers looking at a possible takeover of the chain, which has a market value of about $4 billion.
  • AMC theaters could serve as a platform for the 12-15 movies Amazon plans to release in cinemas annually.
AMC Soars on Report Amazon Weighs Offer for Theater Chain
AMC Entertainment Holdings Inc. rose 13% after the Intersect website reported that Amazon.com Inc. is weighing a possible acquisition of the struggling movie-theater chain.
BloombergRob Golum

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