Imax Fails to Draw Buyers at $54.79 Record High as Sale Price Nears $3 Billion
Updated
Updated · CNBC · Aug 28
Imax Fails to Draw Buyers at $54.79 Record High as Sale Price Nears $3 Billion
3 articles · Updated · CNBC · Aug 28
Summary
$54.79 shares and a nearly $3 billion market value have left Imax still without major bidders, even though CEO Rich Gelfond opened the door to a sale in December.
The higher price tag is one obstacle: the stock has climbed almost 80% in 12 months, lifting Imax's value roughly $1 billion from when sale talk began.
Studio buyers also face conflicts because Imax sells premium screens and release slots across Hollywood; analysts say rivals would resist any owner that favored its own films.
Operating momentum remains strong, with Imax expecting record 2026 box office after 2025 sales hit $1.28 billion and 'The Odyssey' alone topped $400 million in Imax tickets.
That strength gives Imax little urgency to sell, while analysts see tech groups or private equity as cleaner potential acquirers if they can justify the elevated valuation.