Global Eagle Entertainment Inc. (ENT) News
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Latest ENT News From Around the Web
Below are the latest news stories about Global Eagle Entertainment Inc that investors may wish to consider to help them evaluate ENT as an investment opportunity.
Global Eagle Bankruptcy Leaves Nothing For Common ShareholdersOn July 22nd, Global Eagle (ENT) finally declared bankruptcy. To observers of the stock, this was not a surprise; the company has been struggling for a long time and the stress of COVID19 was the final blow which brought it down. The creditors are planning a pre-pack, where the debt-holders... |
Which Part Of "You Get Nothing" Isn’t Clear?Which Part Of "You Get Nothing" Isn’t Clear? Tyler Durden Tue, 07/28/2020 - 21:35 By Bloomberg's Rick Green and Madeleine Ngo The warning to shareholders of newly bankrupt Ascena Retail Group Inc. could hardly have been more direct. There it is, in black-and-white, on page 5 of the court declaration filed by Ascena’s most senior official just hours into the case: " Existing common equity in Ascena will be canceled ." Full stop. Creditors will take ownership of the retail chain, which Ascena also made plain. So how did stock investors respond? By bidding up the shares just shy of 120%, on off-the-charts volume. It was a similar story for bankrupt Global Eagle Entertainment Inc. The airborne Wi-Fi service jumped more than 50% on July 24 after its court filing, despite warning shareholders... |
SAM, SOGO, INTC and EHTH among midday moversGainers: Global Eagle Entertainment (ENT) +164%.Natuzzi (NTZ) +69%.Hamilton Beach Brands (HBB) +36%.ChannelAdvisor (ECOM) +35%.Wilhelmina International (WHLM) +34%.Oncternal Therapeutics (ONCT) +22%.The Boston Beer Company (SAM) +21%.Clearfield (CLFD) +21%.Sogou (SOGO) +20%.Genocea Biosciences (GNCA) +19%.Losers: eHealth (EHTH) -30%.Veoneer (VNE) -19%.Mexco Energy (MXC) -16%.SelectQuote (SLQT) -15%.Intel (INTC) -15%.U.S. Energy (USEG) -15%.Ambow Education (AMBO) -14%.Lightbridge (LTBR) -13%.Stoke Therapeutics (STOK) -12%.BlueCity (BLCT) -12%.... |
Boston Beer Company among consumer gainers; Scholastic and Veoneer among losersGainers: Global Eagle Entertainment (ENT) +158%. Natuzzi (NTZ) +46%. The Boston Beer Company (SAM) +21%. Gannett (GCI) +15%. Sogou (SOGO) +14%.Losers: Veoneer (VNE) -16%. BlueCity Holdings (BLCT) -12%. Ambow Education (AMBO) -12%. Scholastic (SCHL) -11%. MOGU (MOGU) -11%.... |
Global Eagle Entertainment News: Why ENT Stock Is Skyrocketing 127% TodayGlobal Eagle Entertainment (ENT) news for Friday concerning its Chapter 11 bankruptcy filing earlier this week has ENT stock soaring higher. |
Why Global Eagle Entertainment's Stock Is Trading Higher TodayGlobal Eagle Entertainment (NASDAQ: ENT) shares are trading higher on Friday.The company has received interim approvals from the U.S. Bankruptcy Court for the District of Delaware for the 'First Day' motions related to the Company's voluntary Chapter 11 petitions.Global Eagle Entertainment provides content, connectivity, and digital media solutions for the travel industry worldwide. It operates in two segments, Media and Content, and Connectivity. The Media and Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.Global Eagle Entertainment shares we... |
Global Eagle Receives Court Approval for “First Day” Motions to Support Business OperationsGlobal Eagle Entertainment Inc. Global Eagle Entertainment Inc. Obtains Interim Approval to Access $30 Million of its $80 Million Debtor-in-Possession Financing Continuing to Support Customers Around the World with Best-in-Class Media, Content and Connectivity Solutions for Aviation, Maritime, Enterprise and Government Mobility End-MarketsLOS ANGELES, July 24, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle” or the “Company”), a leading provider of media, content, connectivity and data analytics to mobility end-markets across air, sea and land, today announced that it has received interim approvals from the U.S. Bankruptcy Court for the District of Delaware for the “First Day” motions related to the Company’s voluntary Chapter 11 petitions filed ... |
Global Eagle Entertainment files for bankruptcyIn-flight connectivity provider Global Eagle Entertainment (ENT -19.6%) has filed for Chapter 11 bankruptcy. The company has reached a "stalking horse" asset purchase deal to sell substantially all of its assets to an investor group (established at the direction of holders of 90% of its senior secured first-lien term loans)... |
Inflight Entertainment Provider Global Eagle Files for Bankruptcy ProtectionIn-flight TV provider Global Eagle Entertainment has filed for bankruptcy protection as airline and cruiseline travel collapses amid the coronavirus pandemic. |
Global Eagle Entertainment, Inc. -- Moody's downgrades Global Eagle's PDR to D-PD following Chapter 11 filingMoody's Investors Service ("Moody's") downgraded Global Eagle Entertainment, Inc (Global Eagle) probability of default rating (PRD) to D-PD from Ca-PD. Moody's affirmed the company's Ca corporate family rating (CFR) and the Caa2 senior secured facilities rating. The impact on air travel from the COVID-19 pandemic, which we consider a social risk, is a key driver of today's rating action as the virus's impact on air-travel weakened Global Eagle's liquidity and ultimately lead to the company's Chapter 11 filing. |