The story
The company was founded in 1991 as Coinstar, Inc. and is headquartered in Bellevue, Washington.
Outerwall cooperated with the US Mint in the introduction of the Golden Dollar at the beginning of the millennium and encouraged people to use coins rather than notes.
In February 2009, Coinstar purchased all remaining shares of DVD rental kiosk company Redbox for $175 million from McDonald's Corporation, making Outerwall the sole owner. Prior to this, Coinstar and McDonald's each owned 47% of Redbox shares, with various other parties owning the remaining 6%.
In September 2009, Coinstar sold its entertainment business, which included skill cranes and bulk vending, to three entrepreneurs, a month after the business was renamed National Entertainment Network.
Outerwall
On June 28, 2013, shareholders voted to change the company name from Coinstar to Outerwall. On July 2, 2013, Outerwall acquired mobile phone recycling kiosk operator ecoATM, for $350 million (not including debt).
On October 7, 2013, Barry Rosenstein's hedge fund JANA Partners filed a 13D on shares of Outerwall (OUTR) and disclosed a new 13.5% ownership stake in OUTR with 3,777,995 shares. The activist 13D filing indicated that JANA expected to talk with management—in particular, that they wanted to focus on "a review of strategic alternatives including exploring a strategic transaction, selling or discontinuing certain businesses, or pursuing a sale." Subsequently, on December 9, 2013, Outerwall's former CEO, J. Scott Di Valerio, announced it would discontinue three new ventures: Redbox's Rubi, Crisp Market, and Star Studio, and lay off 8.5% of its workforce.
Coinstar
In late September 2016, Outerwall announced CEO Erik E. Prusch would be leaving the company as part of the company's acquisition by Apollo Global Management. Outerwall's subsidiaries, Redbox, and ecoATM, were separated into stand alone companies as was Coinstar.
From Wikipedia’s article on Coinstar, shared under CC BY-SA 4.0.6
