Ramon Ang says in talks to buy Solar Entertainment

Posted at 10/04/12 6:35 PM

MANILA, Philippines - Businessman Ramon S. Ang is in talks with the owners of Solar Entertainment Corp. to acquire a controlling stake in the media company. 

"We are in talks to buy into Solar," he told reporters.

He added that this was his personal interest, not San Miguel Corp. where he is president.
Ang declined to provide additional details.

Solar Entertainment is owned by the Tieng family. The media company owns 34% of Radio Philippines Network Inc., which operates Channel 9.

Ang also did not comment when asked if he would also invest in broadcasting, as the government plans to sell RPN-9 and IBC-13.