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Tuesday, December 27, 2011

MVP OFFERS TO BUY GMA NETWORK FOR P500 B?!


Online reports are buzzing out yesterday about the rumored take over of TV5 Chairman Manny Pangilinan to the country's No.1, ratings wise, TV Network, GMA Network.  But what keeps us astounded is the circulating amount of the deal! The offer according to reports amounts to a mind blogging P500 billion!

Personally, TV NETWORK WAR, thinks this figure is way too exaggerated considering that the company's current value according to PSE only totals to P30 billion. If this P500 billion figure is true, then MVP might be risking too much attempting to buy a company 17 times its current market value!

Business wise, GMA Network should be not be valued greater than its current market value of P30 billion because its revenues and net income are expected to contract in the coming years with market share in the advertising market expected to shrink courtesy of new competition from TV 5 and the awaiting entrance of San Miguel via IBC 13 and RPN. Also, the country's impending digital shift may also pose threat to the company's revenues as more channels will be made available in the free-to-air market.

If the rumored buyout is true, we are betting that MVP's offer  is somewhere close to P50 billion, a far cry from the P500 billion. This amount (P50 billion) is still  60% above GMA's market price and company owners might consider this a good deal considering the contraction that is waiting for the company in the near future.


 Here are the news from other reliable sites:


Kumalat kahapon ang issue na nini-negotiate ni Mr. Manny Pangilinan ang GMA 7 sa hindi matatanggihang amount. Yup, target daw ni Mr. Pa­ngilinan na may-ari ng TV5 na bilhin ang Kapuso Network. Pero walang maibigay na halaga ang tinanungan ko tungkol sa nasabing deal. Ayon sa isang source, wala pa naman daw malinaw na negotiations sa pagitan ng dalawang kampo. Pero ito raw ang isa sa mga aabangan na magaganap sa 2012.


- Phil. Star


Hot topic ngayon ang business deal na ginagawa diumano sa pagitan nina Manny Pangilinan, sa isang banda, at ang pamilya Jimenez, Duavit, at Gozon ng GMA-7, sa ibang banda. Mind-boggling daw ang offer ni MVP para makuha ang Kapuso network, kaya mahirap mahindian. Ngunit sa ngayon, 2/3rds pa lang daw ang completion ng deal. Meron pa raw kasing pamilya na hindi kumbinsido, o dili kaya‘y nagho-hold out for a better deal. Pero sa lumulutang na figures, mukhang mahirap nang matapatan ang offer ni MVP. Abangan

- Pep.ph

30 comments:

Utot said...

+++++++++++++++++++++++++

bakit kaya ayaw bilhin ni MVP ang ABS?

Well I think GMA is worth P500 billion! pero hindi ito basta basta ibebenta ng mga GOzons kasi they know GMA can grow more! ngayon pa! na NO.1 na ang GMA!

yes said...

ABS kc alam ni MVP n hnde nya kya un HALAGA ng isang malking at mtatag n network like ABS...

GMA kc alam ni MVP ang takbo/price/ ng GMA network...MULA n nag simula un gma s phil...

Wow NUMBER ANG gma..SAN?KAILAN?SAN BANDA?

ANSWER: GOZON SAID_____(HNDE ALAM)

yes said...

500B...ok n un..heheh lagot..kpag mangyari un...MTATAKPAN UN KAYABANGAN NI WILLIE R.......

MVP astig..kc kinukuha nila un artista s ABS...pero s GMA wala sila pkialam (hnde sikat eh)heheeh

gusto ni MVP..NETWORK...hehehehehh

Anonymous said...

HINDI NYA KAYANG BILHIN ANG ABS.GMA UN ANG KAYA NYA HE HE.PALUG NA KC GMA HA HA HA

Anonymous said...

FOR SALE ANG USAPAN KALOWKA

Anonymous said...

Why buy and offer a mind bogging 500billion to a network na nalulugi? Medyo magisip sana yung ibang poster. MVP is a businessman, he wouldn't care to buy something na sa tingin niya walang chance na kumita siya.

He's buying GMA7 I think because malaki tiwala niya sa network na ito na kayang pabagsakin ang nakapaligid na networks.

Anonymous said...

YAN! SABI NG MGA KAPUSO DATI DI MALABONG BILHIN NI MVP ANG ABS-CBN, TAPOS NGAYON NAG-IBA ANG SITUATION. SI MVP NA ANG BIBILI SA PALUGING GMA7. HAHAHAHA WALA NA KASING PAG-ASA PA ANG GMA KAYA BIBILHINM NALANG NYA!


GOZON, DUAVIT, AT JIMENEZ BILHIN NYO NALANG ANG IBC13/PRN9. MAIPAGBID KAYO SA COJUANGCO/San Miguel Corp. Ewan ko lang kung kaya nyo din sila tapatan! hahaha

FOR SURE MAWAWALA ANG GMA AT PAPALITAN DIN NG TV5. MAKIKITA MO SA COMPETITION NGAYON NA ABS-CBN AT TV5 LANG TALAGA ANG KUMIKITA! WAG NYO NA PAGTAKPAN MGA KAPUSO! HAHAHAHAH

yes said...

TAMA...bwaaaaahhhh...

Anonymous said...

MARKET WISE:

ALANGAN NAMAN BILHIN NI MVP ANG EBS EH MARAMI ITONG UTANG.

BAKA SIYA PAGBABAYARAIN NITO.

NABILI NGA NI MVP ANG MERALCO AT MWSS na PAGMAMAYARI NG MG LOPEZ
ano pa kaya ang EBS.

Anonymous said...

Anonymous Anonymous said...

YAN! SABI NG MGA KAPUSO DATI DI MALABONG BILHIN NI MVP ANG ABS-CBN, TAPOS NGAYON NAG-IBA ANG SITUATION. SI MVP NA ANG BIBILI SA PALUGING GMA7. HAHAHAHA WALA NA KASING PAG-ASA PA ANG GMA KAYA BIBILHINM NALANG NYA!


GOZON, DUAVIT, AT JIMENEZ BILHIN NYO NALANG ANG IBC13/PRN9. MAIPAGBID KAYO SA COJUANGCO/San Miguel Corp. Ewan ko lang kung kaya nyo din sila tapatan! hahaha

FOR SURE MAWAWALA ANG GMA AT PAPALITAN DIN NG TV5. MAKIKITA MO SA COMPETITION NGAYON NA ABS-CBN AT TV5 LANG TALAGA ANG KUMIKITA! WAG NYO NA PAGTAKPAN MGA KAPUSO! HAHAHAHAH

December 27, 2011 10:46 AM

-------

BAKIT naman bibilhin ni MVP ang EBS eh lubog ito sa UTANG.

Abonado pa cya kong bibilhin niya ito.

Anonymous said...

MARKET WISE:

ALANGAN NAMAN BILHIN NI MVP ANG EBS EH MARAMI ITONG UTANG.

BAKA SIYA PAGBABAYARAIN NITO.

NABILI NGA NI MVP ANG MERALCO AT MWSS na PAGMAMAYARI NG MG LOPEZ
ano pa kaya ang EBS.

-----------------------

EH DI NGA BIBILHIN NI MVP ANG ABS-CBN. GMA ANG BIBILHIN! HAHAHAHAH

PALUGI NA KASI ANG NABUBULOK NA NETWORK NA GMA7! WAG MO NA PAGTAKPAN! BIBILHIN NA NGA EH. PAKI MO BA KAY MVP?!

SA AYAW AT SA GUSTO MO BIBILHIN NYA ANG PALUGING NETWORK NA GMA7! BUTI NGA ISASALBA PA NYA EH! HAHAHAHAHA

LUBOG KASI SA UTANG ANG GMA! HAYAAN MO NANG BAYARAN AT IPAGPATULOY NI MVP ANG NASIMULAN NA PAGKALUGI NG NETWRORK NYO!



OH ASAN ANG YABANG NYO? KAKASIMULA PALANG NG TV5, BIBILHIN AGAD ANG NALULUGING GMA7! HAHAHAHAH



FAREWELL GMA7. TV5 AT ABS-CBN NALANG ANG MAGCOCOMPETE NA TV NETWORK. HAHAHAHA

Anonymous said...

Kawawa naman ang mga Supporters ng GMA, nililigaw nila ang usapan at pilit na sinisingit ang ABS-CBN.

Hindi kayang bilhin ni MVP ang ABS-CBN dahil mataas ang asset nito and bedsides hindi lang TV at radio ang hawak ng ABS-CBN, they also have magazines, TFC (with huges subscribers), Cable etc.....

Ang GMA may TV and radio lang at ang GMA Pinoy TV ay maraming nagpu-pull out na subscribers sa ibang bansa specially ang North America at Middle East.

Kaya sa nga Kapusod Fans, stop on utang issue ng ABS-CBN. Did you know that in other country, It's normal to have credit or "utang" and it's hard to buy a house or a car if you have no credit report? FYI.

Anonymous said...

FYI, GMA Network's market cap is about P22-B.

wag nyo isama ang ABS-CBN dito sa usapin na 'to. TV5 at GMA lang ito. bibilhin na ni MVP ang PALUGING GMA7. okay? MAWAWALA NA SA ERE ANG GMA7 at papalitan na ito ng TV5. hahahaha OKAY NA YUN MABABAYARAN NA YUNG UTANG NYO AT ISASALBA NAG PALUBOG NYONG NETWORK! HAHAHAHA


ABS-CBN AT TV5 NALANG! YEAY!!!!

Anonymous said...

ANG NAISIP NI MVP

ANG EBS MAGANDA TINGNAN ANG PANGLABAS PERO BULOK ANG LOOB DAHIL SA DAMI NG UTANG.

Anonymous said...

MANILA, Philippines - Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone Co. and the ABC TV-5 network, declined to comment on speculation he's in talks to buy GMA Network Inc., the country's second-biggest broadcaster.

In a mobile phone text message, Pangilinan said he's on "half vacation'' mode at the end of a "busy'' 2011. An official statement would come "in due course,'' he said.

Pangilinan's 2012 deals were led by PLDT's acquisition of Digital Telecommunications Philippines Inc., owner of Sun Cellular.

Separately, GMA Network told the Philippine Stock Exchange there's "no truth'' to a report that Pangilinan offered to buy it for P500 billion, the price reported by at least one blog. GMA's market value is just about P22 billion.

Entertainment news website PEP.PH reported a "mind-boggling'' price being offered by Pangilinan for the network.

It's not the first time Pangilinan, chief executive of Hong Kong-based First Pacific Co., has been reported to be in talks to buy GMA. There were reports as early as 2001.

Speculation died down after PLDT's pension fund bought ABC TV-5 in 2009 from Antonio (Tonyboy) Cojuangco. TV-5 has since been hiring stars from GMA and ABS-CBN, the largest network by sales ABS-CBN. Former ABS-CBN star Sharon Cuneta recently accepted a reported P1 billion package to join TV-5.

Anonymous said...

ANG NAISIP NI MVP

ANG EBS MAGANDA TINGNAN ANG PANGLABAS PERO BULOK ANG LOOB DAHIL SA DAMI NG UTANG.

--------------------

ANG GMA TIGNAN MO MAN SA LOOB AT LABAS. BULOK! HAHAHAHAHA READ MO PNOST KONG STATEMENT. 22 BILLION LANG ANG MARKET VALUE NG GMA. WTF! 22BILLION LANG?! HAHAHAHA

Anonymous said...

statement from GMA Network:

There is no truth to the rumor going around in social media sites and the internet that Mr. Manny Pangilinan has bought GMA Network. In fact, there is even no negotiation going on between GMA and Mr. Pangilinan regarding the latter's acquisition of GMA-7.

-----------------
well lets see.. baka isang araw di natin nalalaman si Manny Pangilinan na pala talaga ang may-ari ng GMA7. Ayaw pasabi ng GMA ang totoong nangyayari sa loob ng kompanyang palugi na!


HAHAHAHAHAHAHA

Anonymous said...

anong website ba to PALUSOT.COM


poor GME!!!!

MUHABOY said...

500 Billion is Absurd. . . GMA has current market value of around 21 Billion. With Asset base of 13 billion... From that figure how can you offer to buy GMA at 500 Billion.?

In any Business Group, A media company is really needed, a strong media company to be more accurate. TV5 cannot deliver what the MVP Group would like to deliver to the Public they serve. Owners of GMA might sell GMA 100% of GMA at 30 billion. It is already above it's book value as well as market value. And GMA owners has no Group of Companies to serve their interest. They might cash it in and invest it in a more profitable industry like power generation.

ABS-CBN of the Lopez Group has market value of around 25 Billion. With Asset base of 45 Billion, ABS can be valued at 50 Billion at least valuation given it's current portfolio and reach. However, Lopez Group would never be interested in selling ABS even at 60 Billion because ABS serves greater purpose to the Lopez Group, and it is doing quite well in delivering their message to the public. ABS has sentimental value to them that's why MVP won't dare to offer a buyout of ABS to LOPEZ Group...

Furthermore, MVP should be cautious in investing that much in Media (TV Network) because its nature is different, not because you are the biggest you can corner a bigger chunk of profit... huge investment and the return can be hard to earn. It's different in a utility company like meralco, because people have no choice but to subscribe to them, as well as North Express Way, Hospitals and telecoms which MVP currently holds.

Anonymous said...

For me, sobra yung P500B na yan!

GMA Telebabad after Amaya... konti na ngayon ang ads... Majority ang mga plugs kung may commerical break...

GMEWWWW said...

Nice one MUHABOY...

Finally a post with so much sense...

Applause!

Anonymous said...

PUTANG INA NYO NAMAN MGA PAUCHU!

PUTANG INA MO LONG BAKLA!!!

LONG SALOT NA BAKLA!!

Anonymous said...

hmmmm. I think MVP is building his own "NBC UNIVERSAL"-like network here or I shall say will go head-to-head with ABSCBN Corp. By going digital next year, ABSCBN Corp. will give us 8 free to air channels including of course ABSCBN and STUDIO 23, also on the list are CineMo, YEY channel, Knowledge Channel, DZMM Teleradyo, MYX 2 and ABSCBN for cellphone - as I stated, all are for free and no need to have cable/satellite AND are now test broadcasting in Pampanga-Bulacan area. While MVP's Associated Broadcasting Corp acquired only 5 channels and 1 for 1seg(cellphone) channel. We all know that content to fill and for feed of those 5 free to air channels from a new player in this industry is hard. We can only name three channels from MVP's side which are currently airing - TV5, Aktv(which airs just 6-10 hours a day) and AksyonTV. With GMA's delaying tactics on the government to release rules and regulation going digital since 2007, maybe because GMA is not yet ready or rumored that they can not afford going digital in terms of providing content versus ABSCBN's 8channels(which are all set and has budgeted 3B++ for this) and MVP's 6 channels(which actually also has a hard time providing content to fill 2 more channels),MVP thinks of GMA buyout to help his network for content against ABSCBN. On Gozon's speech during Ad congress(compared with Lopez and Pangilinan's straight forward goal for digital tv - which they actually see it as the "nearest" future) he failed to delivered such. MVP eyes for competition with ABSCBN thru GMA's lame orientation on digital tv and sees his content problems with GMA.

Anonymous said...

haha... kaya pala GMa7 aNG balak bilhin ,,alangan naman abs eh ang daming utang..baka sya pa ang mag bayad...

yes said...

ABS..dami utang...yan lng b un reason??? hmmmpppppp...hay nko...

bkit un GMA walng utang??? hayyyy...

GMA un bibilhn ni MVP kc..mababa un halaga ng network ng GMA...500b kc mukhang pera din un GMA...kc wala ng KINIKITAAAAAAAAAAAAAAAAA....WAWA

Anonymous said...

ayaw talagang tumigil ni MVP hahaha

after i pirate ang mga big stars ng ABS, now bibilhin naman ang self confessed na number 1 daw na GME.

akala kasi ni MVP na kaya na niyang patumbahin ang ABS pero ayun at namamayagpag pa rin so ang strategy naman niya ay bilhin ang self confessed number 1 tv station of kamuning para at least kaya na nilang pumantay nyahahahaha

GME for sale na ang hitad na istasyon!!!!!!

Anonymous said...

kakatuwa ang issue to ,,dahil dito na te-trend na sa twitter ang GMa network at MVP haha pati narin ang issue na nagpasikat kay Rhian

Anonymous said...

KALOWKA TALAga NAWALA LANG SA PAGIGING PRESIDENTE SI GLORIA KUNG ANU-ANO NA NANGYAYARI SA GMA-7 HAY BUHAY... ALAM NA

Anonymous said...

Mawalang-galang lang po sa mga bumabanat sa GMA 7, eto po ang sasabihin ko po sa inyo. Tama na ang pangbabanat nyo sa GMA 7! Bumanat kayo para kayo mga walang takot sa diyos! Kung hindi kayo titigil, lumayas kayo at magsipagsisi kayo sa mga kasalanan niyo! Walang ginagawang kasalanan ang GMA sa inyo.

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