Paalam Kapatid! ABS-CBN, TV5 terminate P2.16B investment deal

ABS-CBN Corp. and TV5 Network Inc. on Thursday announced the termination of their planned multibillion-peso investment deal amid oppositions from certain lawmakers and the National Telecommunications Commission (NTC).  The Lopez-led company and Pangilinan-led broadcasting company have mutually agreed to terminate the investment agreement dated August 10 covering the proposed acquisition by ABS-CBN of 34.99 percent… Read More Paalam Kapatid! ABS-CBN, TV5 terminate P2.16B investment deal

Maraming bashers! ABS-CBN, TV5 ‘pause’ P2.1B investment deal

ABS-CBN Corp. and TV5 Network Inc. have agreed to “pause” the completion of their P2.16 billion investment deal amid oppositions from certain legislators and the National Telecommunications Commission (NTC).  The Lopez-led company and TV5 agreed to “pause their closing preparations” for 34.9 percent stake in the Pangilinan-led network “to address the issues which have been… Read More Maraming bashers! ABS-CBN, TV5 ‘pause’ P2.1B investment deal