Millennial businessman Leandro Leviste is now the second largest shareholder of media giant ABS-CBN after buying an 8.5% stake in the company.
Full story: https://www.rappler.com/business/loren-legarda-son-leandro-leviste-gets-stake-abs-cbn/
Full story: https://www.rappler.com/business/loren-legarda-son-leandro-leviste-gets-stake-abs-cbn/
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00:00Millennial businessman Leandro Levista is now the second-largest shareholder of media
00:05giant ABS-CBN after buying an 8.5 stake in the company.
00:10He is the founder of Solar Philippines and the son of Senator Loren Legarda.
00:14The senator anchored ABS-CBN's The World Tonight at the time Leandro was born in 1993, up to
00:19her run for the Senate in the 1998 elections.
00:23Purchasing 76.5 million shares of ABS-CBN is Levista's biggest business move so far
00:28this year.
00:29In December 2023, he sold publicly listed SP New Energy Corporation to tycoon Manny
00:35Pangilinan's Manila Electric Company.
00:37His mother, the senator, was an ABS-CBN anchor for 12 years.
00:41Legarda did not exercise her power to cast a vote in favor of the network during Congress'
00:46move to revoke its franchise in 2020.
00:48She said she was constrained to join the voting due to conflict of interest.