Amazon may buy movie-theater chain Landmark: report

Amazon.com Inc. is competing against other suitors to buy out Landmark Theatres, according to a Bloomberg report citing unnamed sources familiar with the situation. The movie-theater chain would be purchased from Wagner/Cuban Cos., but no final decisions have been made and talks could unravel, the report added. That enterprise is backed by billionaires Mark Cuban and Todd Wagner. Separately, a Reuters report said Amazon is considering offering a U.K. price comparison website for insurance products. Amazon’s stock AMZN, -1.93% one of the equity market’s biggest winners this year, were not yet active in U.S. premarket trade on Thursday.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Source: Read Full Article