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RDBX / Redbox shares drop by 35% after the acquisition announcement

Redbox Entertainment Inc (NASDAQ: RDBX), a world-class entertainment company, executed a definitive merger agreement with Chicken Soup for the Soul Entertainment (NASDAQ: CSSE), one of the biggest operators of AVOD (advertising-supported video-on-demand) streaming services, whereby CSSE will acquire Redbox. The announcement saw Redbox shares drop by about 35%. Read More

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Posted: May 15 2022, 06:39

Author Name: Invezz

RDBX News

By Deadline
August 14, 2023

After Q2 Revenue Miss, CEO Of Beleaguered Redbox Parent Says Company Is Ramping Up Cost-Cutting Moves And Weighing Strategic Options; Shares Drop After Hours

Chicken Soup for the Soul Entertainment, whose $375 million acquisition of Redbox closed about a year ago, delivered second-quarter financial results

By Market Watch
August 11, 2022

Chicken Soup for the Soul says deal for Redbox is officially completed

Chicken Soup for the Soul Entertainment Inc. CSSE, +29.96% announced Thursday that its all-stock deal for Redbox Entertainment Inc. RDBX, -52.86% has

By Market Watch
August 11, 2022

Chicken Soup for the Soul Entertainment surges again as it closes deal to buy Redbox

Chicken Soup for the Soul Entertainment CSSE, +29.96% shares jumped 29% in preopen trade, after rallying by 30% on Wednesday, as it closes its deal to

By Market Watch
August 10, 2022

Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday

Redbox Entertainment Inc. RDBX, -14.22% disclosed in a Wednesday morning filing that shareholders voted to approve its merger with Chicken Soup for th

By Barrons
August 8, 2022

Redbox Is About to Be Acquired. The Stock Remains Crazily Overvalued.

Redbox shareholders will vote Tuesday on a deal to be acquired by Chicken Soup for the Soul Entertainment. The stock is worth under $1 a share but is

By The Motley Fool
August 2, 2022

Why Redbox Tanked 11% at the Open Today After Rocketing 23% Yesterday

Redbox's seesawing share price is a brutal reminder that Wall Street isn't always rational. Heed that warning.

By The Motley Fool
August 1, 2022

Why Redbox Entertainment Rallied 23% at the Open Today

The video rental company has gotten caught up in meme stock mania.

By The Motley Fool
July 29, 2022

Why Redbox Stock Dropped Today

It appears some people cashed out some gains to end the week.

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