Redbox Entertainment Inc. is facing an investor lawsuit seeking information on its former private equity investors’ role in the sale of the video rental kiosk operator to media company Chicken Soup for the Soul Entertainment Inc.
Apollo Global Management took Redbox public through a special purpose acquisition company in late 2021. The private equity firm then allegedly used its influence on Redbox’s board to “start a sham sales process that Apollo always knew would result” in the Chicken Soup for the Soul Entertainment (CSSE) deal, according to the lawsuit filed on Aug. 8 in the Delaware Chancery Court.
HPS Investment ...
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