MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim is "happy" with his stream investment in New York Times Co, one of his close aides told Reuters on Monday.
"There is no shift (in the interest holding)," pronounced arch orator Arturo Elias. "For the time being, we are really happy with the company"s performance."
Shares of the U.S. media association rose some-more than eleven percent on Monday at one point, propelled by a gossip that Slim was looking to buy the New York Times, where he became a minority stakeholder in 2008.
Slim, who owns 6.9 percent of the Times" stock, gave the association $250 million in Jan 2009. In return, he perceived warrants in the association for an one more 15.9 million shares.
Times" batch traded at $11.57, up 5.76 percent, less than an hour prior to the New York sell shutting bell. Earlier in the event it appearance at $12.16.
The New York Times declined criticism on the marketplace conjecture pushing the batch up but pronounced the New York Stock Exchange had contacted the association to question on "unusual" marketplace activity.
Slim, who owns a telecommunications sovereignty stretching from the United States to Argentina, is one of the world"s richest men.
He additionally owns sell and infrastructure growth companies and utterly mostly dabbles in alternative unfamiliar businesses, similar to oil training or publishing, in what he sees as investment opportunities.
(Reporting by Cyntia Barrera Diaz and Anupreeta Das, modifying by Gerald E. McCormick)
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