Mexican telecoms billionaire Carlos Slim is having quite a week—he has become the biggest shareholder in the New York Times and reclaimed his title as the world's richest man. Slim has exercised warrants obtained when he loaned the company $250 million in 2009 to double his stake in the...
Mexican telecom mogul Carlos Slim Helu now owns more of the New York Times Co than the does the Sulzberger family, which has controlled the venerable news provider since 1896. Slim became the dominant investor today after paying $101.1...Show More Summary
(Reuters) - New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. Show More Summary
Mr. Slim, who lent the newspaper money during the financial downturn, exercised warrants received as a part of that deal.
Mexican billionaire Carlos Slim who loaned the New York Times $250 million when the newspaper was struggling to survive financially has reaped large returns for his investment to date and stands to profit by another $100 million if he exercises his stock warrants this week according to Bloomberg.
Carlos Slim, the 74-year-old Mexican billionaire, could become the largest shareholder of The New York Times if he exercises his options by tomorrow’s deadline. Slim loaned the Times a tiny bit of spending cash ($250 million) in 2009...Show More Summary
Billionaire Carlos Slim is poised to become the largest shareholder in the New York Times Co. after already almost doubling his money from an investment that helped the newspaper get through the... To view the full story, click the title link.
Carlos Slim’s telecoms empire needs to reduce its dependence on Mexico. The fourth U.S. wireless carrier is cheap, parent Deutsche Telekom doesn’t want it and there’s strategic logic to a deal. The increasingly frightful competition in U.S. telecoms may be a sticking point.
When people call you an ‘Oracle’, and you are working in the finance industry, Warren Buffet, CEO and Chairman of Berkshire Hathaway Inc. (NYSE:BRK.A), will tell you that life doesn’t get any better, at least in terms of amassing huge sums of wealth. In a segment on CNBC, it was revealed that Buffet is now […]
AT&T sold its stake in America Movil and will now become a competitor following its recent acquisition, but Carlos Slim might get the last laugh.
Forbes released its annual ranking of The World’s Most Powerful People on Wednesday, and it includes several media movers: Warren Buffett, CEO of Berkshire Hathaway, was ranked 12th. Carlos Slim Helu, the Mexican telecoms billionaire who owns a 17 percent stake in The New York Times, came in at no. Show More Summary
He's said it once and he's saying it again: Carlos Slim envisions a world where we work just three days a week and have more time for the things we enjoy. But this isn't some pipe dream. "I am sure it will happen," the Mexican billionaire tells CNN Money. Though...
Carlos Slim — aka the richest man in the world — has a novel idea: instead of working five (or more) days a week, bring it down to three. "You should have more time for you during all of your life, not when you're 65 and retired," he told CNNMoney. Show More Summary
Calling Carlos Slim lazy would be a difficult case to make. The Mexican billionaire vacillates back-and-forth with Microsoft chairman Bill Gates for the title of richest man in the world, give or take a few hundred million of their $80 billion-plus fortunes. Show More Summary
You may not become the next Carlos Slim Heru, Jeff Bezos, or Michael Bloomberg. But you might.
Mobli, a Tel Aviv-based photo- and video-sharing platform that raised a $60 million round led by Carlos Slim almost a year ago, just acquired Pheed to boost its monetization capabilities. Pheed has 5 million registered users, while Mobli has 22 million. Show More Summary
America Movil SAB de CV (ADR) (NYSE:AMX), the dominant telecom in Mexico is looking to sell off some of its Mexican assets as new antitrust regulations force it to divest itself of some its market leading position. Michelle Caruso-Cabrera reported on the news yesterday on CNBC. “I can confirm that America Movil of Mexico is […]
Ronaldinho was unveiled at Liga MX side Queretaro today, where he’s signed for 2 years after being wooed by billionaire Carlos Slim. Dinho told the press that he signed for the love and affection he’s always been shown in Mexico, as well as for the fact that his brother Assis and many friends also played […]
In a thunderous Wednesday speech on the Senate floor, Sen. Sessions (R-AL) blasted Facebook co-founder Mark Zuckerberg for criticizing America and pushing for amnesty legislation on Mexican soil at fellow billionaire Carlos Slim's charity event. Show More Summary