|Day's range||0.5500 - 0.7600|
Wedbush Managing Director in Equity Research Michael Pachter to discuss rumors of a possible acquisition of AMC by Amazon.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss reports that Amazon is interested in acquiring AMC.
Shares of Amazon (NASDAQ: AMZN) were gaining today, seemingly on rumors that the company was considering a surprising acquisition. According to a report in the entertainment website The Intersect, Amazon founder Jeff Bezos has dispatched advisors to explore an acquisition of AMC Entertainment Holdings, the world's largest movie theater chain. As of 11:28 a.m. ET on Wednesday, Amazon stock was up 2.5%, likely benefiting from broad gains in the market as well, as the Nasdaq was up 1.2% at the same time.