ABS-CBN Corp and TV5 have reached a partnership deal where ABS-CBN will acquire shares of TV5 amounting to PHP 2.16 billion. In a report by ABS-CBN News, the investment agreement allows ABS-CBN Corp to acquire 6,459,393 primary (new) common shares in TV5 representing 34.99% of the total voting and outstanding capital stock of TV5 for PHP 2.16 billion. MediaQuest, which currently owns 99.67% of TV5, will have its ownership reduced to 64.79% after the deal. ABS-CBN will also acquire additional shares in TV5, which will increase its shares to 49.92% after 8 years. We look forward to be of greater service to the public as we come together in taking TV5 to the next level," said ABS-CBN Chairman Mark L. Read more in our articles including "ABS-CBN to acquire TV5 shares worth PHP 2.16 billion" and "BIR opens Tax Payer Portal".
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Apr 2, 2026ABS-CBN Corp and TV5 have reached a partnership deal where ABS-CBN will acquire shares of TV5 amounting to PHP 2.16 billion. In a report by ABS-CBN News, the investment agreement allows ABS-CBN Corp to acquire 6,459,393 primary (new) common shares in TV5 representing 34.99% of the total voting and outstanding capital stock of TV5 for PHP 2.16 billion.
MediaQuest, which currently owns 99.67% of TV5, will have its ownership reduced to 64.79% after the deal. ABS-CBN will also acquire additional shares in TV5, which will increase its shares to 49.92% after 8 years. We look forward to be of greater service to the public as we come together in taking TV5 to the next level," said ABS-CBN Chairman Mark L.
Our coverage of tv5 deal includes: "ABS-CBN to acquire TV5 shares worth PHP 2.16 billion"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.