Automated retail company Outerwall, formerly Coinstar, has announced it will acquire kiosk-based electronic buy-back company ecoATM for $350 million in cash.
Outerwall, which owned 23 percent of ecoATM, now takes charge of 100 percent of the San Diego, California, startup. The merger is expected to close in the third quarter of 2013 and will be accretive to EPS in 2014.