Amazon will buy a chain of movie theaters – Bloomberg

Amazon купит сеть кинотеатров – Bloomberg

Company struggles with other potential buyers of the business American entrepreneurs Mark Cuban and Todd Wegner.

Online retailer Amazon Inc. Jeff Bezos considering to buy the cinema chain Landmark. About it reports Bloomberg with reference to the source.

It is noted that the company struggles with other potential buyers of the business American entrepreneurs Mark Cuban and Todd Wegner. Network owners, as the Agency found out, are now engaged in consultations with the investment Bank Stephens about a possible deal.

So far, no final decisions regarding the transaction was not accepted, and the negotiations may not result in anything.

Buying cinemas could expand the business to Amazon which is already from the music service, film studios and television studios, the Agency said.

The cinema chain Landmark Theatres, founded in 1974, has more than 50 cinemas located in new York, Philadelphia, Chicago, Los Angeles and San Francisco. The company is focused on showing independent foreign movie. All she owns around 250 screens in 27 markets.

Recently Amazon shares exceeded the historical maximum.

 

News from the Reporter.net Telegram. Subscribe to our channel https://t.me/korrespondentnet

Source