Inflight content and connectivity business Anuvu will be acquired by Platinum Equity, the latest in a series of financial twists for the company. But, at least initially, the companies don’t expect too much to change on the operations front.
“As passenger traffic continues to grow, we are encouraged to see carriers making substantial new investments in both connectivity and entertainment, improving passenger and guest experiences. We look forward to working with Anuvu’s leadership team to capitalize on these tailwinds and other opportunities to grow the business.”
– Platinum Equity Co-President Jacob Kotzubei
After a 2020 Chapter 11 filing under its previous name, Row 44, Anuvu emerged with fresh backing – and fresh debtholders – in early 2021. This deal once again shifts the financial obligations, with a new team confident in the financial upside of the business and taking on that risk.
Anuvu is expected to continue operations in both its content and connectivity businesses with the new ownership. CEO Josh Marks will remain at the helm.
Financial terms for the transaction were not disclosed. It is expected to close before the end of 2025, pending regulatory approvals, including the transfer of some FCC licenses to the new entity.
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