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PLDT buying out SKY Cable from Lopez family for P6.75B; ABS-CBN to receive P4B

Nakatakdang bilhin ng You do not have permission to view the full content of this post. Log in or register now. ang You do not have permission to view the full content of this post. Log in or register now. sa halagang P6.75 billion.

Ayon sa disclosure sa Philippine Stock Exchange (PSE) kahapon, March 16, 2023, inanunsiyo ng PLDT na pinasok nila ang "sale and purchase agreement" sa kumpanya ng Lopez family upang bilhin ang 100 percent ng 1.38 billion outstanding capital stocks ng kumpanya.
ng SKY Cable Corporation ay pagmamay-ari ng Lopez-led firms na Sky Vision Corporation, ABS-CBN Corporation, at Lopez Inc.

Nakasaad dito: "On March 16, 2023, PLDT Inc. ("PLDT") entered into a Sale and Purchase Agreement with Sky Vision Corporation, ABS-CBN Corporation, and Lopez, Inc. (collectively, the "Sellers"), for the proposed acquisition by PLDT of the broadband business and its related assets of Sky Cable Corporation ("Sky"), through the purchase of 100% of Sky’s total issued and outstanding capital stock, for a total purchase price of PhP6.75 billion."

Bahagi ng disclosure: "The closing of the proposed transaction shall be subject to compliance with certain conditions precedent which include, among others, the termination or cessation of operation by Sky of its pay TV and cable businesses, obtaining all applicable government approvals and clearances, obtaining all required consents and corporate actions, and payment of the purchase price."



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