Global Eagle Entertainment said to draw takeover interest from China's HNA - sources

Wednesday, 3 August 2016, 7:35 pm

I have talked a bit about this situation on Tip TV during the last couple of weeks but now I think I have bottomed it out, so readers/viewers might appreciate a more detailed story on Betaville.

Chinese conglomerate HNA is weighing a takeover of US-listed Global Eagle Entertainment, according to two sources familiar with the matter.

HNA, which owns China's fourth largest airline Hainan Airlines, is said to be working with corporate finance advisers from Moelis and accountants at Ernst & Young on the deal...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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