Amazon (AMZN) founder and chair Jeff Bezos is reportedly sniffing around AMC (AMC) Theaters as a possible acquisition.
Bezos has sent some of his top brass to explore the possibilities, according to a new report from the The Intersect's Joe Bel Bruno.
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While there is some speculation on social media about whether the news is real or not, Fox Business Senior Correspondent Joe Gasparino backed it on Twitter, saying the "sourcing is solid."
The popular meme stock, which was trading at $34 just a year ago, has sunk to a low $4 a share and could fall into bankruptcy.
But since the news broke, the stock has surged up by as much as 18%, showing that Amazon might just be able to breathe new life into the theater chain. Here's hoping that means Prime members will get movie discounts in the near future.
