From INQ7:
ePLDT buys majority stake in Level-Up! Philippines :
“Yes we have bought 60 percent of the company,” said Ray Espinosa, president and chief executive officer of ePLDT, an information and communications technology arm of the Philippine Long Distance Telephone Co. with its own gaming outfit, Netgames.
This buy-in was previously rumored upon in July 2005, but was denied by the company
Will they now go for local programming and content?