"The purchase makes (Carlos) Slim the third-biggest shareholder in New York Times outside of the company's controlling Sulzberger family....The stake is passive, according to the filing. Slim may be buying the shares in a bet that a third party may acquire New York Times, said Hal Vogel, a New York media analyst.
Starting in January, Harbinger and Firebrand Partners pushed for New York Times to sell the Boston Globe and a 17 percent stake
Mr. Slim's recent US purchases include:
- "Saks, owner of the Saks Fifth Avenue stores;
Labels: George Mitchell's new Mexican business partner