AMC Entertainment up after blog post speculation on Amazon interest

A blog posted on "The Intersect" authored by Joe Bel Bruno claims that Amazon (AMZN) founder Jeff Bezos "has dispatched his investment advisors and top entertainment chiefs to explore acquisition plans" for AMC Entertainment (AMC). The blog, which cites "multiple senior sources familiar with the discussions" for its claims, said discussions inside Amazon are "fluid, and there is no certainty that the retail giant will even make an offer." One insider reportedly told The Intersect that "Bezos may just bide his time should AMC’s stock continue to erode, or even pounce on AMC assets if the company buckles into bankruptcy," the report adds. In afternoon trading, the shares of volatile AMC Entertainment are up 63c, or 14%, to $5.18. Reference Link