IMAX (IMAX) is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported Thursday, citing people familiar with the matter.
The sale process is in the early stages and may not result in a deal, the report added.
IMAX did not immediately respond to a request for comment from MT Newswires.
Shares of the company rose more than 12% in after-hours trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)