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Outerwall (formerly coinstar) buys ecoATM for $350M in cash to expand into device recycling kiosks

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EcoATM, which will remain headquartered in San Diego, says that going forward it will expand its service to more locations across the U.S. “We are excited to build upon our successful relationship to take the business to the next level,” Tom Tullie, chief executive officer of ecoATM, said in a statement. “We look forward to benefitting from Outerwall’s resources and expertise to accelerate ecoATM’s rollout and bring our innovative solutions to consumers nationwide once the transaction closes.” That transaction is expected to close in Q3 of this year.