3 Reasons Amazon Might Actually Want to Acquire AMC Entertainment
It's only a rumor at this point, so take the headline with a grain of salt. But given its history and the current circumstances, Amazon (NASDAQ: AMZN) may truly be interested in acquiring struggling movie theater chain AMC Entertainment Holdings (NYSE: AMC).
The U.K.'s Daily Mail first floated the possibility this past weekend. Only citing unnamed sources, the news venue suggested, "The duo are thought to have held talks about a potential takeover of AMC by Amazon," but qualifying that "it is not clear if the discussions are still active or if they will lead to a deal." Translation: Anything's actually still possible from here, including nothing happening to the existing status quo.
There's a bit of credibility to the claim, however. Not only was Amazon reportedly interested in acquiring Landmark Theaters back in 2018, but last year, it was also said to be interested in an investment in Hollywood's Egyptian Theatre.
Source Fool.com
