Tuesday, January 20, 2009

Mexican billionaire WILL invest in NYTimes

It was mentioned earlier this week that Mexican billionaire Carlos Slim Helu may invest in the NYTimes Co. 

Well, the company announced today that he will invest $250 million, which will give him an eventual 17 percent interest in the NYT. 

The financier was named the second richest person by Forbes in 2008.

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