THE price of the shares of ABS-CBN Corp. surged by 30.69 percent to P13.32 on Friday from the previous close of P10.20 on August 5, fueled by the announcement that it has acquired an interest in TV5.

ABS-CBN said it will acquire 6,459,393 new primary common shares in TV5, which is equivalent to 34.99 percent of the total voting and outstanding capital stock of the network owned by the PLDT Group of Manuel Pangilinan. The total value of the deal is P2.16 billion.

However, the P13.32 closing price of ABS-CBN shares last Friday was not its highest over a 52-week period. Based on data from the Philippine Stock Exchange (PSE) website, ABS-CBN's highest closing price over a 52-week period was P16.24 per share on Oct. 11, 2021, and its lowest closing price was P8.70 per share on June 21, 2022. Its net losses over the past three years were as follows: P2.65 billion in 2019; P13.53 billion in 2020; and P5.67 billion in 2021.

The flagship of the Lopezes' media conglomerate can raise its share to as much as 49.92 percent after eight years, if it wants to.

In return, Cignal Cable, an affiliate of Pangilinan-owned pay television provider Cignal TV, will acquire 38.88 percent of SkyCable from ABS-CBN, Lopez Inc. and Sky Vision Corp. for P2.465 billion, with an option to bump it up to P4.388 billion after eight years.

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The deals between the two media entities totaled around P11 billion.

According to the PSE directory, ABS-CBN is primarily involved in television and radio broadcasting as well as in the production of television and radio programming for domestic and international audiences and other related businesses.

The company's subsidiaries and associates are involved in the following related businesses: cable and satellite programming services; telecommunications; movie production; theater operation; content development; publishing; money remittance services, among others.