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OFFICIAL STATEMENT: We reply to your letter dated today requesting clarification on the report that Mr. Manny V. Pangilinan has offered to buy GMA Network Inc (GMA) for PHP 500 Billiom.
We would like to inform you and the public that THERE IS NO TRUTH TO THE SAID REPORT.
Also, In GMA Networks' Official Facebook Page they posts:
"There is no truth to the rumor going around in social media sites and the internet that Mr. Manny Pangilinan has bought GMA Network. In fact, there is no negotiation going on between GMA and Mr. Pangilinan regarding the latter's acquisition of GMA-7."
Also, In GMA Networks' Official Facebook Page they posts:
"There is no truth to the rumor going around in social media sites and the internet that Mr. Manny Pangilinan has bought GMA Network. In fact, there is no negotiation going on between GMA and Mr. Pangilinan regarding the latter's acquisition of GMA-7."
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