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ARTICLE · 12 JULY 2016

Space Business Review May 2016

Milbank
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On May 9, In-Flight Entertainment Connectivity (IFEC) provider Global Eagle Entertainment Inc. (Global Eagle) announced a definitive agreement to acquire Emerging Markets Communications LLC (EMC) for approximately $550m.

United StatesMedia, Telecoms, IT, Entertainment
Dara Panahy
Dara Panahy
Bijan Ganji
Bijan Ganji
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GLOBAL EAGLE TO ACQUIRE EMC

On May 9, In-Flight Entertainment Connectivity (IFEC) provider Global Eagle Entertainment Inc. (Global Eagle) announced a definitive agreement to acquire Emerging Markets Communications LLC (EMC), a leading satellite communications services provider to maritime and other mobility markets, for approximately $550m. EMC shareholders will receive the purchase price in the form of $30m in cash and 6.6m in Global Eagle shares, each at closing, as well as $25m, in 2017, in cash or stock at Global Eagle's election. The acquisition advances Global Eagle's strategic objectives of expanding its addressable market and diversifying its revenue base and also promotes certain network and operational efficiencies. Together, these benefits are expected to position the combined business as a leader in global satellite-based communications and media content services to the aviation and maritime markets and select land-based markets, with revenues of $660-

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