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AMC Entertainment Shares Jump on Report That Amazon Could Buy It

By Jessica Toonkel
· · Source: The Daily Mail

Shares of AMC Entertainment were up 30% Monday after the U.K’s Daily Mail reported that the e-commerce giant had held talks about acquiring the struggling movie theater chain. Such an acquisition would surely be a saving grace for AMC, which has been rumored to be considering a bankruptcy filing amid a shutdown of its theaters due to the coronavirus pandemic. But Amazon is often rumored to be an...

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When television veteran Nancy Dubuc took over as CEO of Vice Media in the spring of 2018, cash was so tight that company executives were debating whether they should cancel the Friday morning ritual of free donuts and bagels for staff. Once the irreverent darling of the new media sector, known for its online news and TV documentaries, Vice was facing a cash crunch amid allegations of sexual...
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