INQUIRER FILE PHOTO The landmark deal between Manuel Pangilinan's TV5 Network Inc. and Lopez-led ABS-CBN Corp. has been signed, elevating their existing block time agreement to a partnership that is seen to boost content creation. On Thursday, ABS-CBN disclosed it was set to acquire 6.46 million new primary common shares of TV5 for P2.16 billion. This represents 34.99 percent of the total voting and outstanding capital stock of TV5. TV5, which will remain to be the controlling shareholder, will have 64.

https://business.inquirer.net/356924/from-block-time-agreement-to-partnership

#inquirer