Global Eagle Entertainment (ENT) Tops Q3 EPS by 22c
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Global Eagle Entertainment (ENT), Beijing Shareco to Form Inflight Connectivity Joint Venture
November 8, 2016 4:17 PM ESTGEE (GEE) (Nasdaq: ENT) announced it has entered into a strategic alliance and an investment agreement with Beijing Shareco Technologies Co., Ltd. (Shareco), an affiliate of HNA Group, one of Chinas largest conglomerates. GEE and Shareco plan to create a joint venture (JV) to provide inflight entertainment and connectivity (IFEC) in China and exclusively service aircraft operated by HNA airlines. Shareco will make an initial primary equity investment in GEE of approximately $103 million, as well as contemplated additional primary and secondary common equity purchases upon the formation of the JV that would bring the total expected investment to... More
Global Eagle Entertainment (ENT) trading halted with news pending
November 8, 2016 4:10 PM ESTGlobal Eagle Entertainment (NASDAQ: ENT) trading halted with news pending.
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