M&A chatter swirled around AMC Entertainment Holdings Inc. this week after a report that Amazon.com Inc. is weighing an acquisition of the movie-theater chain and meme-stock darling.
Joshua... M&A chatter swirled around AMC Entertainment Holdings Inc. this week after a report that Amazon.com Inc. is weighing an acquisition of the movie-theater chain and meme-stock darling. Joshua Warner, a market analyst at StoneX Group Inc. SNEX , is unconvinced that an acquisition will happen. “A takeover would be small change for Amazon, but we believe a takeover looks highly unlikely at this level,” he said in a statement. “Amazon has a better chance biding its time and waiting for AMC’s value to fall, considering it remains in a challenging position.
It certainly looks like Cineworld could be an attractive option for Amazon!
Analysts may think Cineworld would be a better acquisition target for Amazon, but ultimately the movie theater landscape is ever-evolving so it pays to take a close look at both AMC and Cineworld before making any serious decisions.
Cinemas are dead