IMAX Corporation is exploring a potential sale to major technology and entertainment firms. The company reportedly approached Apple, Netflix, and Sony to gauge interest. The Wall Street Journal first reported these early-stage discussions.
No formal agreement has been reached at this time. IMAX shares surged over 15% during Friday trading. The stock closed near $39 per share. This rally brought the firm's market capitalization to approximately $2.1 billion.
Analysts highlight that the company's premium format remains highly coveted. The news sparked fresh consolidation optimism across the communication services sector.