Going off of the documentation reference given by Randy D. Binondo and prior experience with VCSs, it appears to mean that the line change would have been made with a full merge, but was automatically reverted for some reason (e.g., when merging a limited set of revisions from a branch rather than all revisions).
This makes sense since the prior revisions may be required in order for Subversion to build a proper diff for the merge. I strongly suspect that Subversion compiles all diffs for each relevant branch starting from the revisions' common ancestor and then attempts to revert the undesired diffs, leading to the behavior which is indicated by the equals-sign symbol. I've yet to read the Version Control with Subversion book, but that may provide more insight to this as well.
The symbol certainly does not mean that both files made the same changes independently, as Phonon suggested. A quick test proves this.