Global Eagle commences voluntary bankruptcy proceedings – Satellite News Digest

Global Eagle Entertainment announced that it has agreed upon a definitive "stalking horse" asset purchase agreement under which substantially all of the company’s assets will be acquired for total consideration of $675 million by an entity established at the direction of holders of approximately 90% of the company’s senior secured first-lien term loans.

http://www.sat-nd.com/archive/?id=2020072603

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