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Leandro Antonio L. Leviste, founder of Solar Philippines Power Project Holdings Inc. and son of Senator Loren Legarda, has purchased 76.5 million shares of ABS-CBN Corp. The said amount, according to Solar Philippines, is equivalent to 8.5 percent of the broadcast company, which was once the country’s largest. About 75.88…
The sale of ABS-CBN’s Sky Cable to PLDT Inc. has been canceled, the multimedia giant said Thursday, February 22, 2024.
PLDT Inc. and ABS-CBN Corp. said on Thursday that their multibillion-peso transaction pertaining to the sale of Sky Cable to PLDT will not proceed as planned. Almost a year after it was announced, the two groups said they have “mutually decided not to proceed with the sale of Sky Cable…
The Ecumenical Institute for Labor Education and Research (EILER), a labor nongovernment organization (NGO), voiced concerns over the welfare of the employees affected by the acquisition deal between PLDT Inc. and Sky Cable Corp. EILER Executive Director Rochelle Porras called on the two groups to ensure the rights of the…
With the cancellation of a significant deal between ABS-CBN and TV5, which aimed to merge their respective media resources