Mexican Billionaire Buys a 6.4% Stake in Times Company

by Dave

Carlos Slim HelĂș, the Mexican telecommunications billionaire, and his family have acquired a 6.4 percent stake in The New York Times Company, he revealed in a regulatory filing on Wednesday.

Mr. Slim, sometimes called the wealthiest man in the world, controls cellular and landline phone companies, and has major investments in retail, construction, banking, insurance, railroads and mining. In March, Forbes magazine estimated his fortune at $60 billion.