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Dec 27, 2011

MVP to buy GMA7 for P500B?

Coconucumo _ | Dec 27, 2011

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Business tycoon Manny Pangilinan is supposedly eyeing to buy GMA7 for P500B! Rumors has been circulating online that the two network will merge and that several people are thinking and wondering the possible reason behind. GMA7 has been claiming that they are on number one spot in television competition but how come they are selling their company?

Arnold Gamboa tweeted: If GMA 7 is number one, why would the owners sell a supposedly richly earning company to MVP? #justaskin'

Christian Fainsan “Wow, MVP bought GMA 7 to the tune of 500 BILLION PESOSES! @mynameisbrew

Dude Interrupted: GMA 7 is worth 30 Billion in PSE. MVP is buying 'a share' for 500 Billion, Yes, THAT MUCH! @dudeinterrupted

Meanwhile actress TV host Ruffa Gutierrez has this post on her Twitter account @iloveruffag: Guess what MVP is buying next?? Found out last week through a little birdy but the few people I told didn't believe me. Now its CONFIRMEDDD. also posted on their site regarding the said rumor.

As of posting time both camps have not yet confirmed the truthfulness of the said rumor. Let’s wait and see what will happen in the future.


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