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New Deal


Announced

ABS-CBN terminates the acquisition of a 35% stake in TV5 Network.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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television company

Radio and TV Broadcasters

Friendly

Private

broadcast media production

Single Bidder

Minority

Acquisition

Philippines

Domestic

Failed

Synopsis

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ABS-CBN, a commercial television network, terminates the acquisition of a 35% stake in TV5 Network, a free-to-air television company, from MediaQuest Holdings, a Philippine-based media conglomerator. The termination follows concern from some legislators at an inquiry last week that TV5 could be violating its franchise if it went ahead with the plan to sell a 35% stake to ABS–CBN.

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