Billionaire Carlos Slim Sold New York Times shares for $240 Million
Mexican billionaire Carlos Slim has sold more than half of 17 percent stake in the New York Times Co. to U.S. hedge fund investors more $240 million. The sale structure is expected to create tax benefits for the billionaire.
“Slim Sell more than half of his New York Times shares for $240 Million”
After the selloff, he is still the second-largest NYT shareholder, behind Black Rock’s 8.1 percent stake. He had acquired shares in the New York Times after lending the company $250 million in 2009.
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