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 and has been paid back and more.
If he exercises his options, he could own almost 17 percent of Class A shares, which would be valued at about $349 million. Not bad.
Obviously execs at the Times are hoping Slim opts to get fatter.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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