SEC Approves Rappler-Adobo Chronicles Merger

65D5FF85-C574-4D5D-828E-0C789436E5DEMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Rappler seems to be gaining favor with The Securities and Exchange Commission (SEC), thanks to The Adobo Chronicles.

Many will recall that SEC previously revoked Rappler’s media license because it violated the Constitutional provision that media companies in the Philippines must be 100% Filipino-owned.

But now, SEC has approved the merger of RAPPLER and ADOBO CHRONICLES as a pseudo media entity.

In a meeting among major stakeholders of the two companies, they have agreed to name the new satirical cum news agency as ADOBONG RAPPLER.

(Crispulo Bacud Tappa contributed to this report)

 

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