Political Law, 2020 Bar — Question 8
← Political LawQUESTION
A news agency incorporated under Philippine laws won two international awards for its stand on freedom of expression. One of its founding directors even won the Nobel Peace Prize. For championing free expression, it received a substantial investment offer from a British philanthropist. The investment offer comes in the form of funds which can cover at least 80% of the news agency’s operations, both in print and online. In exchange, however, the British philanthropist would acquire 51% of the news agency’s outstanding common and voting stocks, as well as get a seat for the philanthropist’s nominee in the news agency’s governing board. Are the conditions of the investment constitutional? Explain briefly.
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