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Carlos Slim Doubles NYT Stake To Become Top Shareholder

By Benjamin Horney (January 15, 2015, 2:31 PM EST) -- Mexican billionaire Carlos Slim has agreed to pay about $101.1 million to more than double his stake in The New York Times Co. and become its largest shareholder, and the newspaper said Wednesday that the proceeds will be used to launch a share buyback program....

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