The chairman of GMA Network Inc on Wednesday said talks for an investment by San Miguel Corp president Ramon S. Ang in the broadcast company should be completed in a month.
Based on transcipts from an interview during GMA7's stockholders meeting, its chairman Felipe L. Gozon said talks with Ang are "progressing" and set to close "within 30 days."
"Mr. Ang is good; he will bring a lot of ideas," Gozon said. Discussions between GMA7 and San Miguel executives started early this year.
Ang had offered to acquire at least 30 percent of GMA7 for P10.80 per share, higher than the P9 supposedly offered by Philippine Long Distance Telephone Co (PLDT) chairman Manuel V. Pangilinan.
The offer of the PLDT Group expired last February 8, the third attempt by the country's largest telco to acquire a stake in GMA7.
In October 2012, PLDT and GMA7 terminated discussions for the telco's buyout of the broadcast firm's major shareholders - the Gozon, Duavit and Jimenez families - who own a combined 79 percent of the network.
Pangilinan had said disagreement over regulatory risk-sharing led to the collapse of negotiations.
Any PLDT acquisition of a broadcast network would have to go through the gamut of regulatory and Congressional approvals. As it already owns TV5, BusinessWorld and Philippine Star -- as well as a minority stake in Philippine Daily Inquirer -- PLDT's bid for GMA7 could attract close scrutiny, if not opposition from certain quarters concerned over the concentration of media power in one conglomerate.
In 2004, PLDT-Beneficial Trust Fund also attempted to buy 66.67 percent of GMA7 for P8.5 billion. Negotiations bogged down after the fund’s unit, MediaQuest Holdings Inc, cut its offer from P14.58 billion to P12 billion.
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13 comments:
walang kwentang network?.. IBENTA MO NA!
o mga kapuso,anong masasabi nyo?
Kawawang GME! LUBOG na LUBOG at BAON na talaga sa PUTIKAN kaya IBEBENTA! Bwahahahahaha!
CRA ulo k pala eh parang d k nmn nanonood Ng gma.ang abs nagloa2n din po cla umuutang negosyo to Para s ikakaganda Ng gma kaya ibinenta ang ilang share.
To be fair with gma mas ok n ung ibenta ang ilang share kay mr.ang kesa ang umutang.ang abs cbn n ipinagmamalaki nyo umutang po s security bank Ng 1.65 billion pesos utang po un.so mas ok ang move n ginawa ng gma kesa ang umutang.magsearch kc muna bago magcomment ngaun I search nyo ang loan ng abscbn s security bank.
ay tanga..nanaman ang isa nasa taas..ang paka intindi mo kasi ng utang ay tulad sa pangungutang mo sa mga sari sari store! yun pangungutang mo ng sardinas, nodol bareta ng sabon wag mong ikumpara sa pangunguta ng ABSCBN sa mga bangko..! WAg kang uloL!
ang alam ko pagpinautang ka ng mga bangko lalo na ng ganun kalaki ibig sabihin nun may kakayahang kang magbayad based dun sa contract nyo and hindi bastabasta magpapautang ang bangko kung walang kita ang kompanya.. like sm, ayala, robinson lahat ng budget nila for expansion utang sa bangko.... then that the move of abs-cbn, ung utang nila is for expansion... for gma bakit kelangan nilang ibenta ang share nila kung kumikita sila at un nga pwede silang umutang sa bangko... ang assessment ko dito, walang kakayahang makabayad ng utang ang gma kaya ng binta na lng sila ng share to raise additional fund, and thats only they can do to for additional funding.
Para sa mga TANGA at BOBONG mga KANGUSO! Ang UTANG na ginawa ng ABS-CBN sa bangko ay HINDI yan gaya ng utang sa SARI-SARI STORE mga BOBO! For INVESTMENT at EXPANSION ang GINAWA ng Dos. At HELLO! Sa LAKI ng KINIKITA ng Dos ngayon, MABABAYARAN at MABABAWI rin nila yan. Eh ang GME? Walang nagpapautang dahil WALANG KAKAYAHANG MAGBAYAD kaya BINENTA na lang dahil LUGI na ang GME niyo! Bwhahahahahaha
TAMA!!!!!! walang tangang bangko na magpapautang na walang kakayahang makabayad ang pauutangin...thats very simple kumikita ang business...
Sorry na lang kayo pero malaki ang kinita ng GMA ngayong taon na ito. 500 trillion!!
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Nakakatawa nmn kau pati loan d p alam ibig sabihin ayon s engish tagalog dictionary pati n rin s google ang loan s tagalog ay pautang,bakit d nyo matanggap na umutang ang abscbn?totoo ang bangko hindi basta2 magpapautang kung wala kang kakayahang magbayad no doubt nmn s abscbn n kaya nilang magbayad kaso pero utang p rin po un.
Sorry pero mga bobo kasi kaming mga kapuso. ang pagkakaintindi lang namin sa utang na ginagawa ng abs-cbn ay parang utang sa sarisari store. natuyo na kasi mga utak naming kapuso sa kakakain ng noodles at sardines.
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