Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone Co. and the ABC TV-5 network, declined to comment on speculation he's in talks to buy GMA Network Inc. (GMA Channel 7), the country's second-biggest broadcaster.
In an interview with the Philippine Daily Inquirer in Hong Kong, Pangilinan said that he wants a majority stake if he does decide to accept the offer to join a group of investors that will take over the Kings.
“I have to admit, the idea is very titillating,” said Pangilinan.
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