GMA-7 Releases Statement on Manny V. Pangilinan and GMA Network Buy-Out Negotiation Rumor

GMA-7 Releases Statement on Manny V. Pangilinan and GMA Network Buy-Out Negotiation Rumor

To refute the rumor going around several social networking sites about TV5 Chairman Manny V. Pangilinan's acquisition of GMA Network (read related article HERE), the Kapuso station releases a statement addressing this concern.

The statement reads:

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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