Mind Relaxing Ideas

GMA Network and TV5 Deal: Merger Collapse

Posted: 04 Oct 2012 12:13 PM PDT

The mega-negotiation between GMA Network and TV5's MediaQuest Holdings, Inc. reached a dead end. The PLDT group led by Manuel V. Pangilinan will not be acquiring the Kapuso Network.

Pangilinan's camp and GMA-7 (Gozon, Duavit and Jimenez-led/stock holders) failed to reached a convincing settlement for the acquisition plus some unresolved issues.

Both parties issued a joint statement about the termination of the negotiation.

MediaQuest Holdings Inc. (Mediaquest) and the major shareholders of GMA Network, Inc. (GMA) have announced the termination of recent discussions with respect to a possible acquisition of a controlling interest in GMA by Mediaquest and its affiliate within the PLDT Group. The parties have been unable to arrive at mutually acceptable terms despite the continual discussions and efforts exerted in good faith.

"The issues that the parties were not able to resolve had nothing to do with the price. If there is a serious offer in the future, then we are willing to consider," GMA Network Chairman and CEO Atty. Felipe L. Gozon said.

MediaQuest is owned by PLDT's retirement fund.

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Jason Statham "Parker" - New Trailer and Poster

Posted: 04 Oct 2012 08:54 AM PDT

Jason Statham is back with another action thriller flick titled "Parker" with Jennifer Lopez! [Trailer Below..]

Synopsis: Parker (Statham) is a professional thief who lives by a personal code of ethics: Don't steal from people who can't afford it and don't hurt people who don't deserve it. But on his latest heist, his crew double crosses him, steals his stash, and leaves him for dead. Determined to make sure they regret it, Parker tracks them to Palm Beach, playground of the rich and famous, where the crew is planning their biggest heist ever. Donning the disguise of a rich Texan, Parker takes on an unlikely partner, Leslie (Lopez), a savvy insider, who's short on cash, but big on looks, smarts and ambition. Together, they devise a plan to hijack the score, take everyone down and get away clean.

Cast includes Nick Nolte, Michael Chiklis, Wendell Pierce, Clifton Collins Jr. and Sala Baker.

In theaters on January 25, 2013!