Manny Pangilinan has bought GMA-7?

Is it true that Manny Paningilian will buy GMA-7? There have been rumors circulating today that a business deal was held between Manny Pangilinan and the family Duavit, Jimenez and Gozon to buy the TV station. The offer was said to be “mindboggling”.

Because of this rumor, GMA Network has issued a statement: “There is no truth to the rumor going around in the social media site sand internet that Mr. Manny Pangilinan has bought GMA Network. In fact, there is even no negotiation going on between GMA and Mr. Pangilinan”.

On the other hand, Pangilinan declines to comment on GMA speculation, saying that he’s on vacation right now.