There are reports that Amazon is looking at buying AMC in the US, and they own Odeon over here in the UK, which means Amazon would own both cinema chains.
This rumour comes from The Daily Mail who claim that Amazon is now looking to purchase AMC Theatres.
AMC is the world’s largest cinema chain and they also own Odeon Cinemas over here in the UK.
The Daily Mail’s report claims that Amazon and AMC have been in talks over a potential takeover.
They did claim that, “it is not clear if the discussions are still active or if they will lead to a deal.”
This report was pretty good for AMC whose stock soared after it was published.