According to people familiar with the situation, Amazon.com Inc. is in the running to acquire the Landmark Theater chain. This would vault the e-commerce giant into the brick-and-mortar cinema industry,.
The company is vying with other suitors to acquire the business from Wagner/Cuban Cos., which is backed by billionaire Mark Cuban and Todd Wagner, according to the people, who asked not to be identified because the discussions are private. The chain’s owners have been working with investment banker Stephens Inc. on a possible sale, the people said. No final decisions have been made, and talks could still fall apart.
Read the full report on the Bloomberg News site by clicking here.
For more related insights by assorted news media, click here for an article by reporter Betsey Guzior of the LA Business Journal.