ABS-CBN's Capital Infusion Reshapes Ownership, Diluting Leviste's Stake

ABS-CBN has announced a P6 billion capital infusion to ensure its survival as a media company. The stake of Leandro Leviste, one of its largest shareholders, has been significantly diluted, with the Lopez family and new investors strengthening their control. The capital increase aims to bolster the company's financial foundation and enhance its long-term value.