Global Eagle Entertainment (ENT) Tops Q3 EPS by 22c

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Go back to Global Eagle Entertainment (ENT) Tops Q3 EPS by 22c

GEE Enters into Agreement with Shareco of HNA Group to Make Major Investment in GEE and to Form a Joint Venture to Provide Inflight Entertainment and Connectivity Services in China

November 8, 2016 4:16 PM EST

Joint venture would exclusively provide inflight connectivity hardware and entertainment services on HNA airlines, comprising over 320 aircraft today with the potential to grow to over 500 planes

Shareco plans to invest up to $416 million in GEE stock at $11 per share through a combination of primary and secondary share purchases

LOS ANGELES, Nov. 08, 2016 (GLOBE NEWSWIRE) -- GEE (GEE) (NASDAQ: ENT), today announced it has entered into a strategic alliance and an investment agreement with Beijing Shareco Technologies Co., Ltd. (Shareco, NEEQ: 837676), an affiliate of HNA Group, one of... More

GEE Announces Third Quarter 2016 Results

November 8, 2016 4:15 PM EST

Reports Quarterly Revenue of $146.9 Million and Net Income of $19.4 Million or $0.23 per ShareEnters into Agreement with Shareco of HNA Group to Make Major Investment in GEE and to Form a Joint Venture (JV) to Provide Inflight Entertainment and Connectivity (IFEC) Services in China. See separate press release JV would exclusively provide inflight connectivity hardware and entertainment services on HNA airlines, comprising over 320 aircraft today with the potential to grow to over 500... More