Speculation

Carlos Slim to Buy NYT?

An Internet rumor that Mexican billionaire Carlos Slim is going to buy The New York Times won’t have shareholders complaining: The New York Times’ stock has surged 6.2 percent to $11.62 as of 2:04 p.m. EST on Monday. A Slim spokesman tried to quash the rumors, telling CNBC that Slim will not be buying the Times from the Ochs-Sulzberger family. Slim owns 7 percent of the Times’ Class A shares and has warrants that will give him up to a 16 percent stake.