ABS TV5 Merger Terminated

TV5 Network, Inc. (“TV5”) and ABS-CBN Corporation ("ABS-CBN") also announced that they have mutually agreed to terminate the Investment Agreement dated 10 August 2022 covering the proposed acquisition by ABS-CBN of 34.99% equity interest in TV5 and the Convertible Note Agreement dated 10 August 2022 covering the proposed subscription by ABS-CBN to a Convertible Note to be issued by TV5.

 

[moondhie]

Hmmm probably eh silent lang sila diyan and until such time di na mainit ang issue or yung mga nag oppose eh wala na sa pwesto eh baka ibalik nila yan or silent merger pa rin ang magaganap. This is only my theory about that issue.