sale News & Analysis

IMAX (IMAX) Shares Rise 10% Amid Potential Sale Talks

IMAX (IMAX) shares increased approximately 10% in after-hours trading following reports of the company exploring a potential sale. The company has had 'preliminary talks' with potential buyers, though no official offers have been made. IMAX CEO Rich Gelfond, who recently returned from medical leave, previously mentioned to shareholders that he was open to a potential sale. In 2024, IMAX generated a record $1.28 billion in global box office revenue, marking a 40% increase compared to 2023 and exceeding its prior record from 2019.