What's in an acronym Quite a lot in the Philippines these days Most of the recent headlines have been about the latest President, GMA (Gloria Macapagal-Arroyo) Now here comes another GMA - a privately held TV company that is being bought by telecom company PLDT
PLDT has signed an MOU to buy a 66 67% stake in GMA from the existing shareholders The acquisition will be made by Mediaquest - a wholly-owned subsidiary of PLDT The acquisition is being supported by a consortium of financial investors who will remain anonymous until a definitive sale and purchase agreement is signed
At present, it is understood that at least half the...
