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AMC spikes 56% on reports Amazon may be considering a takeover - Business Insider

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AMC spikes 56% on reports Amazon may be considering a takeover

According to The Daily Mail's sources, "The duo are thought to have held talks about a potential takeover of AMC by Amazon. However, it is not clear if the discussions are still active or if they will lead to a deal," the report said.as the chain's liquidity position worsened as movie theaters shut down across the country due to the coronavirus pandemic.

If the report is accurate, the move would represent a strategic shift for Amazon as it continues to expand its physical brick-and-mortar foot print and boost its Hollywood exposure. For the most part, because of this rule, Amazon has been foregoing theatrical releases for its content and instead opting for a direct-to-consumer streaming release on its platform.

 

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It is currently not legal for a studio to own theaters. Why don't y'all research this stuff before publishing it? Unreal! This is a classic pump & dump as AMC's upcoming earnings are set to be nearly $0 for the quarter. Something else for SEC_Enforcement to look at...

johncampea BurnettRM

Yo, Amazon Prime discounts would be kind of money

My prediction yesterday: somebody’s going to have to buy AMC to save it. 🤯

Here is who owns AMC:

Everyone knows they want media access. AMC is cheap as debt can be written down. Think they will buy NETFLIX or merge with Disney Corp at the right time or price.

who's up right now? 🤗

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