Rappler says Omidyar donated PDRs to its managers | Inquirer

Rappler says Omidyar donated PDRs to its managers

By: - Reporter /
/ 03:36 PM February 28, 2018

A rappler employee exits its office at the Capitol Commons in Pasig on Monday, January 15, 2018 after Maria Reesa and Chay Hofilena gave a press briefing to media as the Securities and Exchange Commission (SEC) orders the revocation of its license to operate. INQUIRER PHOTO / GRIG C. MONTEGRANDE

A rappler employee exits its office at the Capitol Commons in Pasig on Monday, January 15, 2018 after Maria Reesa and Chay Hofilena gave a press briefing to media as the Securities and Exchange Commission (SEC) orders the revocation of its license to operate. INQUIRER PHOTO / GRIG C. MONTEGRANDE

Investment firm Omidyar Network on Wednesday announced it has donated its Philippine Depository Receipts (PDRs) to the managers of the embattled news website Rappler.

Rappler announced the development in a news report posted on their website.

Article continues after this advertisement

“This donation completely eliminates the sole basis of the SEC ruling against Rappler Incorporated and Rappler Holdings Corporation,” Omidyar partner Stephen King was quoted as saying.

FEATURED STORIES

“We therefore strongly believe that the companies should be allowed to continue operating unhindered in the Philippines,” he added.

In January, the Securities and Exchange Commission (SEC) revoked Rappler’s license for supposedly violating Constitutional provision on media ownership. /je

Article continues after this advertisement

READ: SEC orders Rappler to shut down

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the and acknowledge that I have read the .

sports
globalnation
business
business
entertainment
www
www
business
sports
globalnation
TAGS: Journalism, news site, Omidyar, PDR, Rappler

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the and acknowledge that I have read the .

© Copyright 1997-2024 | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies.