Redbox corporate parent Outerwall July 25 announced it has entered into a definitive merger agreement with a private equities group for $1.6 billion in cash. The deal, which calls for Apollo Funds to pay Outerwall common stock shareholders $52 per share — 51% above market value — is expected to close by the third quarter.
As expected, Verizon July 25 formally announced it is acquiring venerable dotcom pioneer Yahoo for $4.83 billion in cash. The deal, pending regulatory approval, is expected to close in the first quarter of 2017.
FlixFling, the transactional VOD and subscription-streaming platform, has inked a distribution deal with Olympusat, one of the largest independent media companies specializing in the ownership, distribution, production and technical services of Spanish and English language networks.