Do we hear wedding bells?
“Based on transcipts from an interview during their stockholders meeting, GMA Network Inc. chairman, Atty. Felipe L. Gozon, said talks with San Miguel Corp president Ramon S. Ang are ‘progressing’ and set to close ‘within 30 days,'” reports Darwin G. Amojelar on InterAksyon.com.
Discussions between GMA7 and San Miguel executives started early this year.
The report noted: “Ang had offered to acquire at least 30% of the network for PHP10.80 per share, higher than the PHP9 supposedly offered by Philippine Long Distance Telephone Co (PLDT) chairman Manuel V. Pangilinan.”
The PLDT Group’s offer expired last February 8, the third attempt by the country’s largest telco to acquire a stake in Kapuso Network.
Photo by Kelly (Wikicommons)
