GMA FOR SALE FOR P100 BILLION

By: Mark Cua

GMA the known TV network which housed Mike Enriquez was for declared for sale for P100 Billion (One hundred Billion Pesos). Based on chronological Sequences of the story, It was first declared a few months ago and there were hearsay GMA was going Bankrupt. The three (3) owners of GMA are currently selling their stakes to the local and foreign market.

Gozon one of the top executives of the GMA Corporation who had 48% of the shares, Manuel Pangilinan another stakeholder who owns 23% of the corporation sells his shares at the price of P45 Billion (forty five Billion pesos). 

There were many Interested Parties who wished and to buy shares based on the statement Gozon gave. 

One of the Interested parties are SMC (San Miguel Corporation) Ramon Ang, PLDT Chief Executive Officer. The reason for selling the company was still a blurr. 

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