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Sony May Bid More Than $40 a Share for IMAX Movie Chain, Daily Mail Says

Sony Corp. may be preparing to bid more than $40 a share for IMAX Corp., the U.S.-based company that designs and makes giant-screen movie theaters, the Daily Mail reported, citing London traders.

Walt Disney Co. may also be interested in bidding for IMAX, the newspaper added.

No-one was available for comment at Sony’s headquarters in Japan, where it is a national holiday.

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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