Billionaire Carlos Slim Doubles Holdings in New York Times
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Billionaire Carlos Slim became the largest investor in the New York Times Co. after exercising options to acquire 15.9 million shares in the newspaper company.
Slim bought the shares for almost $6.36 each, about half of Times Co.’s $12.28 closing price, Times Co. said today in a statement. That boosted his stake to 16.8 percent of the company’s Class A shares.