Redbox, a provider of new-release movies and entertainment, has agreed to merge with
As part of the transaction, all existing shareholders will roll 100% of their equity in Redbox, including funds managed by affiliates of
Capital raised from the transaction will be used to pay down debt as well as invest in innovation and accelerate this transformation, which spans multiple entertainment windows and business models, including film distribution, transactional video on demand and premium video on demand. Redbox is also building technology to offer subscription on demand services as a third-party retailer.
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