$AMC shares surged on the news
Full Article: https://ca.finance.yahoo.com/news/amc-entertainment-shares-jump-report-185110903.html
Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain.
Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions.
AMC and Amazon declined to comment on the report.
Analysts seem skeptical Amazon would buy AMC with it's massive amounts of debt and overinflated price. Still made for a nice meme stock squeeze not long after Gamestop Squeezed. Not even sure what value amazon would see in acquiring AMC. Am I missing something here?
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