Apollo Global Management $1.6 billion acquisition of Outerwall

Overview:

• Private equity firm Apollo Global Management has acquired and taken Outerwall private in a $1.6 billion deal.
• Outerwall operates kiosk businesses Coinstar and Redbox.
• Apollo paid $52 in cash per Outerwall share.
• The deal comes less than a month after Apollo's acquisition of Diamond Resorts.
• Paul Weiss Rifkind Wharton & Garrison advised Apollo.
• Wachtell Lipton Rosen & Katz and Perkins Coie (Jens Fischer, Lance Bass, Andrew Bor) advised Outerwall.

Kurt Stumpo - Journalist - North America and the Caribbean