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Philippines' ABS-CBN scraps deal to buy into rival TV network

MANILA: Philippine broadcaster ABS-CBN Corp. said on Thursday it has terminated a deal to acquire a minority stake in local operator TV5 Network Inc, weeks after some lawmakers questioned the legality of the plan. ABS-CBN, which has been broadcasting content mostly online since losing its rights to operate radio and television frequencies in 2020, gave no reason for the
Rodrigo Duterte Network Inc Sky Cable Corp President Rodrigo Al Ahsa Al Kharj

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ABS-CBN, PLDT terminate landmark investment deals

After being publicly questioned by lawmakers and the telco regulator, media conglomerates ABS-CBN Corp. and PLDT Inc. have decided to end their investment deals that supposedly amounted to billions of pesos. The deals that have been terminated involve the following: the acquisition by ABS-CBN of 34.99 percent of total voting…
Zamboanga Sibugay Province Of Zamboanga Sibugay Terry Ridon Wilter Palma Rodante Marcoleta Luis Limlingan

ABS-CBN, TV5 forced to terminate investment deals

ABS-CBN Corporation and the MVP Group’s TV5 Network Inc. have been forced to terminate their investment agreement, including the deal involving their cable TV units, following moves by legislators and various regulators to block it. In a disclosure to the Philippine Stock Exchange, ABS-CBN and TV5
Network Inc Lopez Inc Sky Vision Corporation Cignal Cable Corporation National Telecommunications Commission Philippine Stock Exchange
Source: mb.com.ph

ABS-CBN, TV5 terminate landmark investment deal

Giant networks ABS-CBN and TV5 announced on Sept. 1 that they have mutually agreed to terminate an investment partnership. The full statement issued by both networks: "In disclosures to both the Philippine Stock Exchange and the Securities Exchange Commission today, Sky Vision Corporation
Sky Vision Corporation Network Inc Lopez Inc Securities Exchange Commission Cignal Cable Corporation Sky Cable Corporation
Source: mb.com.ph

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