In-Flight Wifi provider Row44 bought in a $430 million deal
Photo Credit: We'll all be screen zombies now, if this deal works out. Flickr.com / Jason Tester Guerrilla Futures
Skift Take
Golden Eagle Acquisitions sees an opportunity in melding content and Wi-Fi technology, but Row 44's relatively small foothold may not make it the ideal tool for the blending experiment. Also, users will evolve more and more towards their own entertainment, so the content part will become redundant over time.
Global Eagle Acquisition Corp., an investment vehicle founded by two former Hollywood executives, said Thursday that it is buying two companies that would transform it into a provider of in-flight Internet access and entertainment.
Global Eagle was founded by Harry Sloan, the former chief executive at Metro-Goldwyn-Mayer Inc., and Jeff Sagansky, former president of CBS Entertainment. The company raised $190 million from an initial public offering of stock in May 2011.
It had no operations prior to the acquisitio
