GMA 7 declined offers for GMA-PLDT deal

Philippines
October 4, 2012 2:20am CST
With a lot of reports circulating the cyber world which stated that GMA 7 (a TV network) is for sale and is eying by the billionaire-bachelor of PLDT's Manny Pangilinan. Finally the GMA 7 declined the offer of MediaQuest Holdings- a unit of Pangilinan. The reports stated. "The parties have been unable to arrive at mutually acceptable terms despite continual discussions and efforts exerted in good faith." The parties said it has nothing to do with the price but netizens are saying GMA 7 is for sale for a 100 billion pesos, but Pangilinan's only offered 50 billion pesos. (Correct me if I'm wrong) what say you this mylotters.
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2 responses
@beamer88 (4267)
• Philippines
4 Oct 12
Personally, I still think this all boils down to money. The crux of acquisitions is always monetary. Negotiations usually fail because 'a mutual consensus wasn't reached.' (The price isn't right) Sorry for being so cynical about these things, but I really feel that large businesses such as these two are first and foremost concerned with the 'how much' of things. All other things are secondary.
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@rsa101 (15469)
• Quezon City, Philippines
4 Oct 12
I would have to agree with your opinion. It is mostly not about better management of business or strengthening of their business conglomerates but it all boils down to monetary considerations. GMA has been perfoming well in terms of financial management. They do not need additinal money to support their operations. So they can actually dictate the price if someone is interested to control them.
• Philippines
4 Oct 12
Hello Mrsuniega, PLDT's service sucks, how much more if you sell them GMA to them. And what's wrong with GMA, they seemed to be very successful in their last ten years of national service to the Filipinos. I have seen them being unbiase during elections and i think it would be terrible if they sold themselves to some one who can be bias to another candidate. they shouldn't sell gma or i would never believe in any of these networks anymore.
• Philippines
4 Oct 12
Why are they selling the network? I don't really know, a lot of Filipino netizens says that GMA's shows rating seem to be falling in a nationwide competition. You can noticed this by those new shows which just lasted for almost two months or shorter. Im not against GMA or in the side of ABS-CBN since I watched their shows both.