amc news amazon

It’s unclear where these discussions stand or whether or not there will be a deal, either. Consumers are already down on the whole going-out-to-a-movie thing.

AMC's stock can double from here and the value of the deal only goes up from $10.6 billion to less than $11.2 billion. It would hate AMC without a discount.Buying AMC now would be more about saving the industry's credibility than just paying more than it should for a single player. An industry that aspires to deliver a high-end experience with red carpets, shiny marquees, and dressed-up employees can't afford the credibility hit that a tumbling domino train of bankruptcies would deliver. Well, that's not a fair description of the value here.Why wouldn't Amazon wait for bankruptcy reorganization with debt fetching pennies on the dollar? According to the Daily Mail report, AMC and Amazon have held talks about a potential buyout. Put another sobering way, AMC stock can drop to $0.01 and Amazon would still be on the hook for the $10.1 billion in net debt. Watch the full documentary “Guardians of the Amazon” on the streaming news channel ABC News Live Friday at 8 p.m. If somebody can save the country's multiplex industry, why not Amazon? Returns as of 07/31/2020. Follow the latest Amazon news stories and headlines. Wall Street wasn't initially impressed with a 10-figure deal for Whole Foods Market.

Why wouldn't Amazon pay half as much now as it would have paid a year ago for AMC? Get breaking news alerts when you download the ABC News App and subscribe to Amazon notifications. Put another sobering way, AMC stock can drop to $0.01 and Amazon would still be on the hook for the $10.1 billion in net debt.

Like other businesses, AMC … We know AMC is in trouble.Stock Advisor launched in February of 2002. There is no "buy low" urgency here.There are some interesting arguments for Amazon getting into the movie theater space. ET. There is no "buy low" urgency here. Amazon stock would take a big hit if it wound up paying more than $10 billion for a sputtering exhibitor. And if that dream didn't pan out, it could always gut out the stadium seating for cavernous fulfillment centers on an incline.Image source: AMC Entertainment.If Amazon wanted to seriously get into the multiplex market, it's logical to think that it would start with the largest player, however that wasn't what it reportedly tried to do two years ago when it was outbid for Landmark.AMC is a highly leveraged company. The stock price is irrelevant. Shares of AMC Entertainment Holding Inc. AMC, +0.12% rocketed 47% in active premarket trading Monday, after the Daily Mail reported that e-commerce giant Amazon.com Inc. AMZN, … The original report emerged over the weekend from the U.K.’s Daily Mail, where they stated that Amazon is “circling” AMC in hopes of a possible acquisition. AMC is reportedly on the verge of bankruptcy, giving Amazon the opportunity to snap it up on the cheap. Amazon would shave billions off the price here, and that matters.

A curious thing happened Monday morning: Shares of struggling AMC Theatres leapt by as much as 56%, to $6.41, after a report circulated that Amazon held talks with the movie chain over a … It could help shake up the industry's out-of-touch distribution windows, and it would have a guaranteed outlet for its own productions. Reports suggest AMC could buy Amazon. Owning AMC would give Amazon leverage in landing content deals for films for its streaming service.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.If the real price to buy AMC is taking on its more than $10 billion in debt, wouldn't it behoove a potential buyer to wait for what could be an inevitable bankruptcy if movie theaters aren't allowed to operate at full capacity anytime soon? The Daily Mail first reported Amazon’s interest in buying AMC, which saw its shares skyrocket from 0.00% to 47% in active trading, according to Marketwatch.

It may command a market cap of $554 million right now, but it has a net debt position north of $10 billion. It's a rounding error.

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