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Former MGM, CBS Heads Raise $190 Million for Media Investments

9:00 AM PDT 5/18/2011 by Alex Ben Block

Harry Sloan and Jeff Sagansky's Global Eagle Acquisition Corp. will seek to invest and operate media and entertainment businesses that they believe have high growth potential, both in the U.S. and overseas.

In one of the largest public offerings for a new entertainment company in at least three years, Harry Sloan and Jeff Sagansky's Global Eagle Acquisition Corp. has raised about $190 million.

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