.....

nufnang

nuffnang

Friday, May 15, 2015

RAMON ANG TO BACK OUT FROM BUYING GMA NETWORK?

Is businessman Ramon Ang still interested in buying a stake in GMA Network?

Even GMA Network Chairman Felipe Gozon isn't sure.

"I have to be very truthful to you. That was some time ago, so if I say that we are still close, nobody will believe me, so I won't say it. So at this point, let me just say that our attitude is 'wait-and-see.' The ball is no longer in our court," Gozon said when asked for an update on the deal with Ang at a press conference.


Talks between Ang and GMA's controlling shareholders - Gozon, Duavit and Jimenez families - on a planned acquisition of at least a 30 percent stake in GMA have been going on for over a year. It was first confirmed by Ang and Gozon in May 2014.

Ang even said then that the planned acquisition of a stake in GMA was a "done deal" as early as June 2014.

Now, Gozon said it is now up to Ang to decide whether he wants to pursue the deal. He said the shareholders have not given Ang a deadline.

"The ball is in his court. Since I'm no longer sure, it depends on the suitor whether they would like to court us or not. There is no fixed deadline but it should be done within a reasonable period which is not defined," he said.

The GMA chairman said the shareholders are open to offers from other interested parties, even the group of Manny Pangilinan.

Talks between GMA and Pangilinan's Philippine Long Distance Telephone Co. (PLDT) toward a buyout deal collapsed in March 2014. At that time, Pangilinan said GMA did not respond to PLDT’s offer to buy a 34 percent minority stake.

GMA is the main rival of ABS-CBN Corp.

Meanwhile, Gozon said the media company will continue its manpower-reduction program to include its main office in Quezon City. This comes after GMA laid off workers in regional offices.

6 comments:

AttyGozon said...

Lugi na po talaga kami! Ahuhuhuhu

Anonymous said...

Don't compete if you cannot.

oakleyses said...

christian louboutin uk, nike free, polo outlet, oakley sunglasses, nike free run, longchamp outlet, longchamp pas cher, christian louboutin outlet, oakley sunglasses, burberry pas cher, ugg boots, louis vuitton outlet, longchamp outlet, christian louboutin shoes, nike air max, louboutin pas cher, oakley sunglasses wholesale, michael kors pas cher, longchamp outlet, jordan pas cher, louis vuitton outlet, gucci handbags, ray ban sunglasses, ray ban sunglasses, oakley sunglasses, replica watches, tory burch outlet, louis vuitton, nike roshe, tiffany jewelry, louis vuitton outlet, kate spade outlet, prada handbags, polo ralph lauren outlet online, ray ban sunglasses, nike outlet, nike air max, christian louboutin, air max, prada outlet, louis vuitton, chanel handbags, uggs on sale, polo ralph lauren, replica watches, cheap oakley sunglasses, jordan shoes, ugg boots, tiffany and co

oakleyses said...

replica handbags, coach outlet, uggs outlet, true religion outlet, nike tn, mulberry uk, hollister pas cher, ray ban pas cher, nike free uk, hollister uk, michael kors outlet, timberland pas cher, true religion jeans, michael kors outlet online, nike air max, oakley pas cher, polo lacoste, hogan outlet, converse pas cher, burberry outlet, nike roshe run uk, sac vanessa bruno, coach outlet store online, uggs outlet, michael kors outlet, michael kors, north face, michael kors, nike air max uk, michael kors outlet online, ray ban uk, abercrombie and fitch uk, guess pas cher, sac hermes, lululemon canada, north face uk, nike air max uk, true religion outlet, vans pas cher, michael kors outlet online, nike blazer pas cher, burberry handbags, true religion outlet, nike air force, michael kors outlet online, ralph lauren uk, kate spade, coach purses, michael kors outlet

oakleyses said...

abercrombie and fitch, soccer jerseys, iphone cases, ralph lauren, vans outlet, converse outlet, jimmy choo outlet, mcm handbags, ferragamo shoes, lululemon, wedding dresses, hollister, new balance shoes, reebok outlet, north face outlet, soccer shoes, insanity workout, oakley, longchamp uk, nike air max, gucci, nike trainers uk, herve leger, mont blanc pens, vans, beats by dre, nfl jerseys, giuseppe zanotti outlet, valentino shoes, ray ban, nike air max, hollister clothing, p90x workout, converse, bottega veneta, babyliss, chi flat iron, instyler, hermes belt, louboutin, north face outlet, nike roshe run, baseball bats, nike huaraches, hollister, mac cosmetics, asics running shoes, timberland boots, ghd hair, celine handbags

oakleyses said...

thomas sabo, barbour uk, pandora jewelry, barbour, karen millen uk, ugg uk, canada goose, moncler, canada goose outlet, louis vuitton, ugg,ugg australia,ugg italia, pandora uk, pandora charms, louis vuitton, doudoune moncler, canada goose, louis vuitton, montre pas cher, ugg pas cher, canada goose outlet, marc jacobs, supra shoes, canada goose outlet, moncler, replica watches, canada goose jackets, louis vuitton, links of london, canada goose uk, coach outlet, moncler, juicy couture outlet, lancel, juicy couture outlet, ugg, swarovski crystal, moncler outlet, toms shoes, louis vuitton, moncler outlet, wedding dresses, canada goose, hollister, swarovski, moncler, ugg,uggs,uggs canada, pandora jewelry, moncler uk

KPOP

My Blog List

LinkWithin

Related Posts with Thumbnails