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    Chicken Soup for the Soul to buy Redbox

    Redbox Entertainment, the DVD and streaming company whose bright red kiosks were once a fixture of video entertainment, has agreed to be acquired by Crackle parent, Chicken Soup for the Soul Entertainment. The $375-million all-stock deal, announced Wednesday, includes the assumption of Redbox's $325 million debt. It follows the company's filing with the SEC in April, which revealed it would be ...
    by Melissa Hernandez, Los Angeles Times May 11, 2022 1 minute
    Redbox DVD rental machine in Santa Clarita, California.

    Redbox Entertainment, the DVD and streaming company whose bright red kiosks were once a fixture of video entertainment, has agreed to be acquired by Crackle parent, Chicken Soup for the Soul Entertainment.

    The $375-million all-stock, includes the assumption of Redbox's $325 million debt. It follows the company's in April, which revealed it would be laying off 150 employees — or roughly 10% of its workforce — after becoming a publicly traded company.

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