The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Global Eagle Entertainment Inc. on October 15, 2020. The debtor has been authorized to sell substantially all its assets to the GEE Acquisition LLC, the stalking horse bidder for a purchase price which is sum of an amount up $586.50 million which is 100% of the obligations owed by sellers under the pre-petition credit agreement as of the closing, only to the extent necessary to acquire any DIP collateral, up to $5 million of the DIP obligations, an amount in cash equal to the sum of the amount set forth in the wind-down budget (and dip obligations outstanding as of the closing less the amount of the dip obligations and the assumption of the assumed liabilities pursuant to the asset purchase agreement.