Manny V. Pangilinan says PLDT is now prepared to acquire GMA Network within the deadline previously given by its chairman Felipe L. Gozon.
“We have an appreciation of that deadline,” MVP said, and nodded when asked if the funds are already at hand.
As to the reason why he’s so interested in with acquiring the television network when he already has TV5, he said that the content of the Kapuso network could be beneficial to PLDT’s plans of converging telecommunications and media platforms.
Read the full report here.
If the acquisition pushes through, it would be very probable that GMA-7 would be merged with TV5. But will the merge create a more powerful television network? Or will TV5 just drag the Kapuso network down?
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