Los Angeles – Global Eagle Acquisition Corp., a special purpose acquisition company (SPAC) led by media executives Harry Sloan and Jeff Sagansky, announced the closing of its initial public offering in which it raised approximately US$190 million. The Global Eagle IPO is the largest raise by a SPAC based in the US in over three years. Global Eagle’s purpose is to take advantage of the substantial deal sourcing, investing and operating expertise of its management team to identify and acquire media or entertainment businesses with high growth potential in the US or internationally. Sloan has built, headed and successfully sold two successful publicly traded media companies. He was the founder of SBS Broadcasting, S.A., a leading European media company, which he started in 1990. Sagansky brings 30 years of senior executive and investor experience in the media and entertainment industry. Most notably, Sagansky served as president of CBS Entertainment from 1990 to 1994 and engineered CBS’s ratings rise from third to first place in 18 months. After that, he held executive positions at Sony including co-president of Sony Pictures Entertainment.