SILICON VALLEY, California (The Adobo Chronicles) – Starting April 1, 2015, the close to 15 Million followers of The Adobo Chronicles will see a blank screen when they log on to this Internet news site. The site, headquartered in the Silicon Valley in California, will cease publication as of March 31.

The reason? The site was bought out by the Philippines’ richest man, Henry Sy.

Henry Sy remains the Philippines’ top billionnaire, according to Forbes. His net worth has increased by ten digits plus, thanks to the continued growth of his SM Investments Corp, the largest retailer in the Philippines with over 200 individual outlets around the country. The firm is one of the country’s largest conglomerates with interests in real estate development, shopping malls and banking. One of his more recent ventures: the City of Dreams Manila resort and casino, which opened in December 2014. The resort cost $1.3 billion to develop and consists of 950 rooms, 365 tables and 1,700 slot machines.

Sy is purchasing the Chronicles for an undisclosed amount.

In announcing the purchase, Sy said he can no longer stand the gullibility of his fellow Filipinos who, time and again, fail to recognize that all the stories in the Chronicles are true. “It is best to close the site down, so I decided to buy them out,” the billionnaire added.

Sy also hinted that he is in negotiations to also buy out five other Filipino news sites, namely, The Professional Heckler, So, What’s News, Eritas Times, Mosquito News, and The Philippine Chronicle.