Veteran media executives Jeff Sagansky and Harry Sloan have raised $325 million through an initial public offering of Silver Eagle Acquisition Corp. and intend to use the money buy entertainment assets, the partners said Tuesday. The pair, who joined forces in 2011, previously raised $190 million for a company called Global Eagle Acquisition. Also read: Global Eagle Buys Post Modern Group to Become Largest Provider of In-Flight Entertainment Sloan and Sagansky have deep ties to the industry, having served as the former chief executive officer of Metro-Goldwyn-Mayer and the former president of...
- 7/30/2013
- by Brent Lang
- The Wrap
Inflight entertainment company Global Eagle Entertainment Inc. has completed its purchase of digital media production company Post Modern Group for roughly $24 million in a combination of cash and stock. The deal, announced in May, will add to Global Eagle's relationships with airlines and gives it an entry into the cruise line industry and other markets. With the acquisition, Global Eagle said it will become the world's biggest provider of television shows and movies to airlines. Global Eagle was founded in 2011 by former MGM CEO and chairman Harry Sloan and former...
- 7/10/2013
- by Tim Molloy
- The Wrap
Global Eagle Entertainment will buy in-flight entertainment company Post Modern Group in a deal worth as much as $23.9 million. With the acquisition, Global Eagle said it will become the biggest provider of television shows and movies to airlines in the world. The pact involves a combination of cash and stock. Global Eagle was founded in 2011 by former MGM CEO and chairman Harry Sloan and former CBS Entertainment president Jeff Sagansky (pictured left). Also read: Julius Genachowski's FCC Swan Song: Get Faster Wi-Fi on Planes The media company has invested heavily in the...
- 5/9/2013
- by Brent Lang
- The Wrap
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