Nitpicking RSA may leave Inquirer buyout a flop
It turns out that this bilyonaryo isn’t that sold about the Inquirer Group.
It’s been a year since the Prietos of the Philippine Daily Inquirer announced that they are in talks to sell the prestigious daily to San Miguel’s Ramon Ang. However, no follow-through statement has been made since.
Philippine Star columnist Victor Agustin spilled some insider information to this craze. In his Money-Go-Round column, Agustin shared that Ang is having second thoughts about the terms of the acquisition, as he apparently just wants the newspaper and not the entire Inquirer Group.
“RSA apparently has refused to be rushed into the accepting the señoras’ proposition that the San Miguel president buy the whole Inquirer Group, including two buildings, two printing press companies, the radio station, and the magazine stable. RSA also did not want the extraneous newsprint supply business or the related logistics business that the Rufino-Prieto clan wanted to bundle in the Inquirer sale,” the column read.
“In other words, RSA wanted to marry only the bride, not the entire family.”
How will this love story come to an end? Stay tuned.