Manny V. Pangilinan wants to buy GMA P500 billion??

[samsungster]

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Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone Co. and the ABC TV-5 network, declined to comment on speculation he's in talks to buy GMA Network Inc., the country's second-biggest broadcaster.

In a mobile phone text message, Pangilinan said he's on "half vacation'' mode at the end of a "busy'' 2011. An official statement would come "in due course,'' he said.

Pangilinan's 2012 deals were led by PLDT's acquisition of Digital Telecommunications Philippines Inc., owner of Sun Cellular.

Separately, GMA Network told the Philippine Stock Exchange there's "no truth'' to a report that Pangilinan offered to buy it for P500 billion, the price reported by at least one blog. GMA's market value is just about P22 billion.

Entertainment news website PEP.PH reported a "mind-boggling'' price being offered by Pangilinan for the network.

It's not the first time Pangilinan, chief executive of Hong Kong-based First Pacific Co., has been reported to be in talks to buy GMA. There were reports as early as 2001.

Speculation died down after PLDT's pension fund bought ABC TV-5 in 2009 from Antonio (Tonyboy) Cojuangco. TV-5 has since been hiring stars from GMA and ABS-CBN, the largest network by sales. Former ABS-CBN star Sharon Cuneta recently accepted a reported P1 billion package to join TV-5.

MVP declines comment on GMA Network speculation | ABS-CBN News

[ming_li]

grabeha nuh? pildi na jud ang ABS-CBN ani kung mapalit sa TV-5 ang GMA.. question.. unsa na pud i-sweldo sa mga artista ani? 500billion? kadako ana =)

[d.a.m.a.s.o.]

kahit sino pa maging may-ari ng abs, tv5 at gma

wala
pa
ring
kwenta
ang
mga
drama
telenobela
at
noontime show
nilang
lahat

[brian joshua]

paliton niya ky iya pd ibutang c willie ddto iya isabong sa eat bulaga hehe

[ming_li]

paliton niya ky iya pd ibutang c willie ddto iya isabong sa eat bulaga hehe

lu-oy c willie ana brad.. tabangan sa eat bulaga!! hahahaha

[peewee_toot]

grabeha na jd kadato aning tawhana...

[bad_juju]

Wealth to the n'th power! Grabi!!

[aoife0]

aw hehehe.. abi nako c gloria iya paliton.. hahahah

[jangska]

kuyawa sa pero bisag kinsay matagiya sa usa ka network kung bati ang ipasalida bati gahapon.ahaha.

[Deadstring67]

“There is no truth to the rumor that is circulating that MVP has bought GMA 7. In fact, there are no negotiations going on between GMA 7 and MVP for the latter's purchase of GMA 7,” GMA Network said.

GMA: Manny Pangilinan did not buy GMA Network, no negotiations - GMA News Online - The Go-To Site for Filipinos Everywhere