WITH squinted eyes and lips pursed downward, businessman Ramon S. Ang shook his head, when asked if he was still interested in buying into GMA Network Inc. This might mean the president of San Miguel Corp. (SMC), in his personal capacity, is no longer keen on acquiring a significant stake in the television network.
The owners of the broadcasting giant, led by Felipe L. Gozon, negotiated with Ang in 2015 for the sale of their shares in GMA. But the talks between the triumvirate and the SMC president almost ended bitterly with the two camps lambasting one another in the media. The talks concluded with a settlement agreement mediated by a third party.
Earlier, Gozon said interest in the stocks for sale have started to peak up again. He did not disclose which party his group is in negotiations with.