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IMAX - IMAX Corporation
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The sale of the large-format movie chain could bring interest from tech firms, media companies and even sovereign wealth funds, analysts say
The Wall Street Journal reported that IMAX is exploring a sale and has approached entertainment companies as potential buyers.
Tiziana Life Sciences Ltd (NASDAQ:TLSA) has completed enrollment in its Phase 2 clinical trial evaluating foralumab for secondary progressive multiple...
Shares of IMAX rose on Friday following speculation that the company is exploring a sale. A source familiar with the company told CNBC that IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made by the company.
4:05pm: Dow at record high Hopes of a resolution to the Middle East conflict saw the Dow Jones finish at a record high 50,579 points, up 0.6%. The S&P 500...
IMAX Corp (NYSE:IMAX) is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Friday, sending shares of the premium cinema operator up 14.2%. The process is early and may not lead to a deal, according to the report.
Shares of IMAX jumped 16% on Friday after a report from The Wall Street Journal said the company is exploring a potential sale and has approached entertainment companies as possible buyers, fueling speculation that the premium cinema technology company could become an acquisition target for major media and technology firms. According to people familiar with the matter cited in the report, the sale process remains in its early stages and may not ultimately lead to a transaction.
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Deep Dive - EnWave Corp
Imax has held early stage talks with potential suitors of the large-screen exhibitor, Deadline has learned, confirming an initial report today in the Wall Street Journal.
Shares of IMAX jumped Thursday following a report that the company is exploring a sale. The premium theater company has held "preliminary talks" through intermediaries, a source familiar told CNBC, but no official pitches have been made by the company.
Cinema operator IMAX is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
IMAX Corp. (NYSE:IMAX) is reportedly testing buyer interest, with the company approaching entertainment firms about a potential sale, though discussions remain early and may not lead to a transaction, according to The Wall Street Journal.
The high-end movie screen company's search for a buyer comes as premium theatrical experiences are growing faster than the overall box office.