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Ayala Land to Buy Part of ABS-CBN Headquarters for $108 Million
Ayala Land will pay \$108 million for three hectares of ABS-CBN's Quezon City headquarters, enabling ABS-CBN to partially repay debt accumulated after its broadcasting franchise was not renewed in 2020, resulting in significant financial losses and layoffs.
Ayala Land to Buy Part of ABS-CBN Headquarters for $108 Million
Ayala Land will pay \$108 million for three hectares of ABS-CBN's Quezon City headquarters, enabling ABS-CBN to partially repay debt accumulated after its broadcasting franchise was not renewed in 2020, resulting in significant financial losses and layoffs.
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