IMAX jumps after report co exploring sale

IMAX

22/05/2026 14:09

** Shares of cinema operator IMAX IMAX.N gain 13.4% at $38.45 premarket

** The Wall Street Journal reported on Thursday that the firm, exploring a sale, has approached entertainment companies as potential buyers

** The process is at an early stage and may not lead to a deal - WSJ

** IMAX declined to respond to a Reuters request for comment

** IMAX is an "incredibly valuable player, either as a wholly differentiated, publicly traded company or as part of a larger company," CEO Rich Gelfond had said during December investor day

** As of last close, IMAX stock down 8.3% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))