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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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