SEATTLE, Wash. (July 25, 2016) - Perkins Coie acted as outside counsel to Outerwall Inc. (NYSE: OUTR), which delivers kiosk experiences for consumers that generate revenue for retailers, in its definitive merger agreement to be acquired by affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), a leading global alternative investment manager, pursuant to which the Apollo Funds will acquire all of the outstanding shares of Outerwall common stock for $52.00 per share in cash. The transaction, which was unanimously approved by Outerwall's Board of Directors, has a total enterprise value of approximately $1.6 billion, including net debt.

Led by Seattle partner Jens Fischer the Perkins Coie team included Seattle partners Lynn Hvalsoe, Andrew Bor, James Gradel, Iveth Durbin, Tom Cristy, Steve Arnett and Jason Howell; Washington, D.C. partner Barry Reingold; Seattle counsel Allison Handy and Andrew Grant; and Seattle associates Sarah Rivard and Maxwell Schwartz.

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