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                    [Title] => PLDT acquisition of GMA faces delay
                    [Summary] => The acquisition by the Philippine Long Distance Telephone (PLDT) group of GMA Network Inc. may be delayed due to an ongoing review of the initially agreed purchase price of P8 billion.


According to Mediaquest president Antonio Samson, while there were no big surprises during a due diligence conducted of the country’s second biggest broadcast company, some of the findings "may have price tags." 


"It’s like buying a house. If the roof leaks, the buyer will have to spend for that so the cost will be deducted from the purchase," he said.


                    [DatePublished] => 2001-08-29 00:00:00
                    [ColumnID] => 133272
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CITYNET CHANNEL

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                    [ArticleID] => 131837
                    [Title] => PLDT acquisition of GMA faces delay
                    [Summary] => The acquisition by the Philippine Long Distance Telephone (PLDT) group of GMA Network Inc. may be delayed due to an ongoing review of the initially agreed purchase price of P8 billion.


According to Mediaquest president Antonio Samson, while there were no big surprises during a due diligence conducted of the country’s second biggest broadcast company, some of the findings "may have price tags." 


"It’s like buying a house. If the roof leaks, the buyer will have to spend for that so the cost will be deducted from the purchase," he said.


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abtest

PLDT acquisition of GMA faces delay

August 29, 2001 - 12:00am

The acquisition by the Philippine Long Distance Telephone (PLDT) group of GMA Network Inc. may be delayed due to an ongoing review of the initially agreed purchase price of P8 billion. According to Mediaquest president...

Business