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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…
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
Kapuso network executive Annette Gozon-Valdes will take on senior vice president role starting September 1, 2022.
ABS-CBN, TV5 terminate investment agreement
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