Mergers & Acquisitions Mergers & Acquisitions

Landmark Philippine media deal cancelled amid questions from lawmakers, regulators

By Jet Damazo-Santos
  • 01 Sep 2022 05:44
  • 01 Sep 2022 05:44

What was called a landmark deal between two Philippine media companies — ABS-CBN Corporation and PLDT's MediaQuest — has been terminated just three weeks after it was announced.

The deal would have enabled ABS-CBN, once the country’s leading broadcasting network, to go back on air after controversially failing to win renewal of its

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Jet Damazo-Santos

Correspondent, Jakarta

Jet Damazo-Santos has been covering antitrust, data protection and other compliance issues in key jurisdictions in Southeast Asia for MLex full time since 2018. She has almost two decades of journalism experience in the Philippines and Indonesia, where she was the associate editor for the Jakarta Globe and the Jakarta bureau chief for Rappler Indonesia prior to joining MLex. She holds a master's degree in Applied Business Economics from the University of Asia and the Pacific.

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