3 Reasons Amazon Won't Buy AMC; 1 Reason It Might
Shares of AMC Entertainment (NYSE: AMC) soared 30% on Monday after a Daily Mail report indicated that Amazon (NASDAQ: AMZN) was potentially interested in buying the world's largest movie theater chain. Sources claim that the two parties have had preliminary talks about an Amazon takeover, but they do not know if discussions are still active or will bear fruit. Hollywood tracker Deadline would go on to say that its sources claim that there are no active talks between the two parties.
Amazon was reportedly in talks to acquire Landmark Theatres in 2018, so it's not outlandish to think of the leading e-tailer making a play for a multiplex operator. After the $13.7 billion deal for Whole Foods Market in 2017, it may seem as if anything is possible for Amazon. However, let's go over some of the reasons why this isn't likely to pan out -- wrapping this up with a big reason why it might happen.
Image source: AMC Entertainment.
Source Fool.com
