Can Amazon Give J.C. Penney a New Lease on Life?
Amazon.com (NASDAQ: AMZN) always seems to be rumored to be acquiring something, but could the bankruptcy of J.C. Penney actually result in a deal being made? Industry site WWD reports anonymous sources saying the e-commerce giant has boots on the ground in Plano, Texas, the department store's hometown, and is negotiating with the retailer.
Whether Amazon makes a deal or not, and regardless if it's for part of the company or the whole thing, there is some good sense in it.
Image source: Getty Images.
Source Fool.com
