A statement from IMAX (NASDAQ:IMAX) on the unsourced report of the Daily Mail that Sony (NYSE:SNE), and also Disney (NYSE:DIS), were interested in making a bid for the company, were shot down.
IMAX said, "IMAX Corporation is not aware of any corporate developments to account for this activity. The Company's policy is not to comment on rumors or speculation, and accordingly does not intend to comment further."
Even if the story were true, there could be challenges to either company named successfully bidding for IMAX because of ownership rules, which could bar the entertainment companies from owning theaters.
That may have been able to have been circumvented because of IMAX's licensing arrangement, but it wasn't a surety.
IMAX has about 440 theaters around the world.
Monday, January 3, 2011
IMAX (NASDAQ:IMAX) Says No Sony (NYSE:SNE) Bid
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2 comments:
Where there is smoke, there is fire. I would bet that Sony is in talks to buy them out.
Uh, your headline says "No Sony" but you don't even mention Sony in the actual article.
I guess you mean to title it, "No Disney?"
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