3 years later, Global Eagle reconsiders its $550-million purchase of maritime connectivity/content provider

by Peter B. de Selding

PARIS — Commercial airline in-flight connectivity and content provider Global Eagle Entertainment has hired Barclays Capital to assess the possible sale of GEE’s non-aviation business, including the maritime division for which it paid $550 million just three years ago.

Los Angeles-based GEE said it expects to conclude its evaluation of what it says have been several offers by this summer but is under no financial or other pressure to conclude a transaction.

The company said the grounding of the Boeing 737 . . .

To view the entire article, become a subscriber!

You may also like