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Ongpin to sell majority stake to give PhilWeb chance at contract renewal

11th August 2016 6:46 am GMT

PhilWeb’s majority shareholder and former chairman Roberto Ongpin is looking to sell his stake in the business in a “final effort to save the jobs” of thousands of people following the closure of its e-Games operations Wednesday.

Ongpin explained that it was just one week ago that he was named by President Rodrigo Duterte as an “oligarch that must be destroyed.”

“The lightning bolt was obviously meant for me, and not for the other shareholders of PhilWeb [...]

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