Seaport Global Acquisition Corp. (SGAM) to Combine with Redbox in $693M Deal

Seaport Global Acquisition Corp. (SGAM) to Combine with Redbox in $693M Deal

Seaport Global (NASDAQ:SGAM) has entered into a definitive agreement to combine with home entertainment provider Redbox at an enterprise value of $693 million, or 3.6x its 2022E EBITDA. Redbox provides movie rentals through about 40,000 kiosks at retail locations and also offers streaming TV and movie options on its digital platform. The combined company is
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