AMC shares spike again, this time on months-old deal specula

AMC shares spike again, this time on months-old deal speculation


AMC shares spike again, this time on months-old deal speculation
Molly Schuetz, Bloomberg News
Pedestrians wearing protective masks pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, U.S., on Tuesday, Oct. 15, 2020
, Bloomberg
AMC Entertainment Inc., whose shares are a favorite of Reddit-inspired day traders, jumped on Thursday after the publication of a French translation of a months-old report speculating Amazon.com Inc. would buy the world’s biggest chain of movie theaters.
The article in Forbes France is dated today, but notes at the bottom it’s a translation of a Forbes US piece. The American version was published last May. Both versions note the Amazon acquisition idea is “pure speculation,” but cite reasons it would make sense, including the financial struggles of AMC and Amazon’s successful content arm Prime Video. Amazon and AMC didn’t immediately respond to a request for comment.

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