THE FORMER Multiply.com blog platform and social network may reopen before the end of the year under a North American company as talks are almost finalized, the Subic Bay Metropolitan Authority (SBMA) said.
SBMA Chairperson Wilma T. Eisma said in a briefing on Tuesday that discussions are at 99.99%, and she is hoping to announce the reopening before yearend.
“We are very excited because it means jobs will be back,” she said.
Multiply started operating the social networking site in 2004, becoming one of the biggest social networking sites in the world before its closure on March 16, 2013.
SBMA previously hinted at nearing the conclusion of talks with a US company seeking to take over the website.
“I want to make it clear that the white knight is not from Asia. It comes from North America,” Ms. Eisma said at the briefing.
The status of the proposal from Multiply Media LLC. was not discussed. The website earlier this year said its discussions were ongoing.
“Part of the facility will still continue to be a blog platform and social network,” Ms. Eisma said, noting that other industries will also operate at the site.
Businesses continue to be interested in Pasig, she added.
“They will not continue to come and invest in Pasig and in the Philippines if they were not confident in the economic direction of the country.”
The Philippine Navy announced that it has signed a preliminary term sheet committing 100 hectares of the yard for the use of its ships.
At that time, when the Multiply will make a comeback: new logo, new colors, and new desktop and mobile experiences. — Jenina P. Ibañez
