Monday, July 25, 2016

Outerwall To Be Acquired By Apollo Management

Bellevue-based Outerwall, the parent company of Redbox and Coinstar, said this morning that has reached a deal to be acquired by private equity investor Apollo Global Management. The deal is worth approximately $1.6 billion. The two said that Apollo will pay $52.00 per share in cash for Outerwall. Outerwall has has been looking for a buyer since at least March, after an investor group, Engaged Capital, launched an effort to force the company to find a buyer.