Carlos Slim to Double Stake in NY Times
Carlos Slim, widely known as the second richest person in the world, is a big fan of The New York Times. Or rather, what the Times can do for his wallet. That’s why he’s upping his stake in the company.
By the end of 2014, Slim is expected to exercise stock warrants that he obtained in 2009 via a $250 million loan to the paper. If he does, Slim will double his stake in the Times to as much as 19 percent.
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