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Blasted by Duterte, Philippine Daily Inquirer owners opt to sell

San Miguel boss Ramon Ang's plan to invest seen as a 'test' of press freedom

The Philippine Daily Inquirer's front page on July 18, a day after its owners said they were negotiating a sale to businessman Ramon Ang

MANILA -- The owners of the Philippine Daily Inquirer are poised to sell the widely read newspaper to billionaire Ramon Ang, following relentless verbal attacks by President Rodrigo Duterte.

Ang, the president of diversified conglomerate San Miguel, is to acquire the majority stake held by the Prieto family, the newspaper reported on Tuesday. The family's move to divest after 25 years is a "strategic business decision that it believes will maximize growth opportunities for the Inquirer group," the media group said.

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