Posted inBeijing, China, Middle East, Shanghai, Tianjin, World

US$416 million deal for Global Eagle scuppered

HNA Group Co’s US$416 million deal for Global Eagle Entertainment, the world’s largest in-flight services provider, has been called off after failing to pass a US national security panel, Caixin reported. Global Eagle Entertainment said in a regulatory filing that the Hainan-based conglomerate’s deal had failed to obtain clearance from the Committee on Foreign Investment […]

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