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Entertainment

Chris Katje

FOUND: Redbox gets acquired with bizarre takeunder financing what you need to know | Mind Blowing Facts

Redbox Chicken Soup for Soul Entertainment Entertainment Julian Klymochko Nasdaq Redbox Entertainment Inc CSSE

DVD rental and streaming company Redbox Entertainment Inc (NASDAQ:RDBX) was the subject of a takeover offer Wednesday, or what some are calling a takeunder offer due to the acquisition price being less than the price of the stock. Here are the details.

What Happened: Streaming company Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) announced plans to acquire Redbox in a deal that will create a “leading independent, integrated direct-to-consumer media platform delivering premium entertainment for value conscious consumers.”

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