Amazon held talks to acquire troubled AMC, Daily Mail reports

Amazon.com (AMZN) has held talks to acquire the troubled movie chain AMC Entertainment Holdings (AMC), but it is unclear if the discussions are still active, Jamie Nimmo of Daily Mail reports, citing sources. The company are thought to have held talks about a potential takeover of AMC by Amazon, the sources said. AMC is reportedly on the verge of bankruptcy, giving Amazon “the opportunity to snap it up on the cheap,” Nimmo points out. Shares of AMC are up 7% to $4.39 in premarket trading.