Deals Rumor Mill: America Movil, Snapchat, Daniel Loeb

Law360, New York (November 14, 2013, 12:01 PM ET) -- America Movil SAB de CV, the telecom giant controlled by billionaire Carlos Slim, is not staging a hostile takeover of Telekom Austria Group, its top executive told Austria's News magazine in a report published Thursday. Daniel Hajj said his company views the Austrian government — which has a 28 percent Telekom Austria stake — as an ally, and that the two would work together to devise a long-range vision for the company. Speculation over a potential buyout campaign has swirled since America Movil's attempt to take...
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