PHMANILA — ABS-CBN Corp ABS.PS has terminated a deal to acquire a minority stake in another domestic television network, TV5, the broadcaster said on Thursday.
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ABS-CBN scraps deal to buy into TV5 © Provided by Interaksyon
ABS-CBN, which lost its congressional franchise to operate radio and television broadcast frequencies in 2020, gave no reason for the mutual scrapping of the deal to buy into TV5 Network. Late in August, ABS-CBN paused its plan to acquire 35% of TV5 to give time to respond to opposition by lawmakers.
FROM: INTERAKSYON.COM
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ABS-CBN scraps deal to buy into TV5 © Provided by Interaksyon
ABS-CBN, which lost its congressional franchise to operate radio and television broadcast frequencies in 2020, gave no reason for the mutual scrapping of the deal to buy into TV5 Network. Late in August, ABS-CBN paused its plan to acquire 35% of TV5 to give time to respond to opposition by lawmakers.
FROM: INTERAKSYON.COM
sa tingin ko pending lang yan at pag nawala na yung mga bumabatikos eh bubuhayin nila ulet ang "Merging".