Another conglomerate eyes GMA Network; Gozon to sell GMA for 100 billion pesos

[_Bahay_Kubo_]

Another conglomerate courting GMA Network - Gozon
16-May-12, 11:36 AM | Darwin G. Amojelar, InterAksyon.com

MANILA, Philippines - (UPDATED 2:15 p.m.) The chairman of GMA Network Inc. said another conglomerate is interested in acquiring the broadcast company.

During GMA Network's annual stockholders meeting, Felipe Gozon said a second company apart from the PLDT group has expressed interest in buying into the broadcast firm. He however refused to divulge the identity of the new suitor.

"There were others who expressed interest. Of course, Filipino conglomerate. GMA is very attractive and desirable not only to MVP," Gozon said, referring to Manuel V. Pangilinan, who chairs Philippine Long Distance Telephone Co.

The PLDT group has been reported to have offered to acquire GMA Network, but talks have stalled on an acceptable price for both parties.

"He did not lose interest. Ever since the first transaction did not push through, the interest remained," Gozon however said, referring to Pangilinan.

"It's always the price," Gozon said, referring to why the PLDT group's acquisition bid has failed to prosper, adding that the P60 billion acquisition price quoted in a newspaper report was "wrong."

"No such thing. No P60 billion offer," he said.

Gozon said the PLDT group however made a revised offer. "There were. Not this year. I'm not at liberty to say," he said.

"I'm just waiting for an offer that will be acceptable. So far we have not received any offer that is acceptable. I am not closing the doors. That is the most I am going to say. So, there is nothing to evaluate. We are not really selling, but we are entertaining offers. As I said before, even if we are not for not sale but for the right price we might be persuaded," the executive said, adding that majority of shareholders have the same position.



Gozon's statement comes in the wake of a boast by San Miguel Corp. chief executive officer Ramon S. Ang that GMA Network's owners are his friends and that they would not sell to the PLDT group.

GMA Network has a market capitalization of P22.45 billion. Gozon said the company is expecting to post a net income of P2.8 billion this year, higher than last year's P1.72 billion. In the first quarter, the company posted a net income of P388 million, down from last year's P534 million.

Recently, PLDT said it would invest P6 billion in its broadcast unit, TV5, and direct-to-home pay-TV service, Cignal, as the telecom giant veers away from traditional telephony to create new revenue streams in multi-media and content generation.

InterAksyon.com is the online news portal of TV5, which Pangilinan chairs.

[lawrence1]

they are not selling the station but are entertaining offers. ano ba naman yan?

[markfroilan]

Bottomline: "bentang ayaw" ika nga.

[nick_28]

Mvp: P60 billion tag price of gma not worth it

[_Bahay_Kubo_]

the SMC-Salim Group (MVP) tug-of-war has reached the broadcasting industry.

[myas110]

sabi ni Gozon, they will sell it 100%, including the 23% that is owned by the public.

hmmm, mukhang hindi worth yung P100B ang GMA. but why, in the first place, will they sell GMA to other people? if they still can be good owners of GMA, why sell to others?

[absinthe_888]

P100B? Baliw lang ang bibili ng GME sa ganung presyo

[_Bahay_Kubo_]

^ presyong hindi ibebenta nga eh, pero pwede pa din tapatan at mapatupi si Henry.

[jpd74]

gusto siguro malaman ni gozon ang market value ng gma 7 ...
baka may mauto siya na kumagat sa P100b or more ...

[_Bahay_Kubo_]

^ GMA won't be sold for 100 billion. it's just press release to boost the confidence of the stockholders (sinabi niya yan during the stockholders' meeting) and increase the value of GMA stocks.

in the first place, the Gozons aren't the only owners of GMA. tatlong pamilya sila dyan.

[andresbonifacio2]

At 60 Billion, it is just too much, more so 100 Billion. GMA is thinking they can do a Facebook chess move in overvaluation.

If you have 60 Billion just invest and create your own TV station. It can be done for less than 500 million pesos. I think it was even less than 300 million for some start-ups.

[mykel97]

http://ph.news.yahoo.com/gma-network...3Rpb25z;_ylv=3

MANILA, Philippines - The three major owners of broadcast company GMA Network will sell their stakes to a buyer that will offer P100 billion for 100 percent of the company.

“I will sell for P100 billion, and this includes the 23 percent held by the public. At P100 billion, I will sign with my eyes closed,” GMA chairman and CEO Felipe Gozon said.

[jnsbytn]

Ayoko, masyadong mahal....

[begonz]

Sige bibilhin ko.Pakibilang nalang.Saktong 100 billion pesos yan.

[invi]

Pwede installment?

On a more serious note, bibilhin daw ni MVP.

[myas110]

pa-merge nito sa link na ito:

http://www.pinoyexchange.com/forums/...d.php?t=570725

[CharliePrince]

serious question: bakit wala offer na bilhin ang ABSCBN?

[absinthe_888]

^^ Lopezes will never sell majority control of ABS-CBN. Mawawala ang brainwashing power nila

[eggman01]

^^ Lopezes will never sell majority control of ABS-CBN. Mawawala ang brainwashing power nila

Sobrang labong ibenta ng mga Lopez yang ABS-CBN.Ginagamit nila yan sa panloloko sa bayan!!!

Malamang nabili na ni MVP yang GMA 7 for 60B Pesos at hindi 100B Pesos.

[CharliePrince]

^^ Lopezes will never sell majority control of ABS-CBN. Mawawala ang brainwashing power nila

Sobrang labong ibenta ng mga Lopez yang ABS-CBN.Ginagamit nila yan sa panloloko sa bayan!!!

Malamang nabili na ni MVP yang GMA 7 for 60B Pesos at hindi 100B Pesos.

oo pero question ko, magkano kaya kapag meron interasado..

sino kaya mas malaki ang benta, gma or abs..

sa palagay ko GMA 100billion, ABS 75billion max