IMAX failed to acquire IMAX China for $124m.

IMAX, a theatre company which designs and manufactures IMAX cameras and projection systems, failed to acquire IMAX China, a cinematic technology provider, for $124m. "This deal is a win-win for IMAX Corporation and IMAX China, as it unlocks significant financial benefits for IMAX while offering IMAX China investors a meaningful premium to current market prices. The public listing of IMAX China raised capital to help fuel a period of tremendous growth for IMAX in China, and this transaction has the potential to usher in a new era of expansion for our brand and technology in this thriving market for entertainment," Rich Gelfond, IMAX CEO.