Global Eagle Entertainment (ENT) Misses Q1 EPS by 1c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Global Eagle Entertainment Agrees to Acquire Emerging Markets Communications
May 9, 2016 6:49 AM EDTTransaction valued at $550 Million
Creates a leading provider of satellite-based communications and media content to rapidly growing mobility markets
Combined company expected to generate pro forma revenue of $660-690 million in 2016
Annual synergies expected to reach $40 million
LOS ANGELES, May 09, 2016 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (NASDAQ: ENT) (GEE) today announced that it has signed a definitive agreement to acquire Emerging Markets Communications (EMC), a leading communications services provider to maritime and other mobility markets. The... More
Global Eagle Announces Strong First Quarter 2016 Results
May 9, 2016 6:47 AM EDTStrong execution delivers record revenue of $114 million; Adjusted EBITDA* grows 26% year-over-yearEntered into agreement to acquire Emerging Markets Communications (EMC) (see separate press release GEE-EMC.mobi)Two major Content customer wins in Q1; already secured over 95% of Content revenue up for renewal in 2016Launched fully integrated content and connectivity offering on flydubaiExpanded Connectivity systems offering to include Airconnect Global Ka-band solutionIntroduced Entice, a ground-breaking wireless solution for inflight... More
