Amazon Acquisition Of AMC Is ‘Extremely Unlikely,’ Analysts Say—But AMC Shares Still Soar 13%

AMC stock soared to as high as $5.50 after the Intersect, an upstart publication run by Los Angeles Times veteran Joe Bel Bruno, reported Amazon is exploring an acquisition, a plan purportedly spearheaded by executive chairman Jeff Bezos; Fox Business reporter Charles Gasparino later reported Amazon has interest in AMC but has made no form of takeover offer, and there “may never be” a deal.