IMAX has held ‘preliminary talks’ with potential buyers, source says
IMAX is reportedly exploring a potential sale, with shares rising following the news. Preliminary talks have been held, but no official offers have been made yet. CEO Rich Gelfond has expressed openness to a sale, highlighting the company's value in the market.
- ▪IMAX shares increased by approximately 10% after news of potential sale talks.
- ▪The company generated a record $1.28 billion at the global box office last year, marking a significant increase from previous years.
- ▪Premium large format screens accounted for 16.3% of domestic tickets sold in 2025, indicating growing popularity.
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Shares of premium theater company IMAX jumped after the closing bell Thursday following a report that it's exploring a sale.A source familiar with the company told CNBC that it has held "preliminary talks" through intermediaries, but no official pitches have been made by the company. IMAX's longtime bankers occasionally test the waters for potential interest, said the person, who spoke on the condition of anonymity due to the confidential nature of the discussions.The Wall Street Journal first reported the potential sale process. The stock was up roughly 10% in extended trading. CEO Rich Gelfond recently returned to work after taking temporary medical leave to undergo treatment for pneumonia. Gelfond told shareholders back in December that he was open to a potential sale of the company.
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