Imax Pending Sale to Sony Not True Imax Pending Sale to Sony Not True

The Los Angeles Times is reporting that the rumored sale of Imax to Sony has been dispelled by the large-format film technology development company. From the Times article:

Shares of Imax rose as high as 20% on Friday following a report in Britain’s Daily Mail that Sony was about to make a bid for Imax at more than $40 a share — about 40% above the company’s current share price, which closed Friday at $28.05. The report, without citing sources, also said Walt Disney Co. might be interested in Imax, known for its big-screen technology.

Click here to read the complete article.

Film Works LA      Like Film This! on Facebook