AMC Soars on Report Amazon Weighs Offer for Theater Chain (2)

AMC Entertainment Holdings Inc. rose 13% after the Intersect website reported that Amazon.com Inc. is weighing a possible acquisition of the struggling movie-theater chain.

Amazon has investment advisers looking at a possible takeover of the chain, which has a market value of about $4 billion, the site reported.

Shares of AMC, the world’s largest theater chain and a popular meme stock, closed at $5.15 in New York after rising as much as 21%. The company has struggled financially as consumers have returned slowly to cinemas following the Covid-19 pandemic.

AMC isn’t the only ailing chain. Cineworld Group Plc, ...