NEW YORK (AP) — The New York Times Co. is in talks with billionaire Carlos Slim Helu about a possible investment of hundreds of millions of dollars that could help the newspaper publisher to meet debt payments, according to published reports.
The New York Times, citing anonymous sources, reported in Monday’s editions that Slim is close to a deal to invest about $250 million in the company. The company’s board was expected to meet on Monday to approve the deal, with an announcement possible as early as Tuesday, the newspaper reported.
A spokeswoman for The New York Times declined to comment Sunday.
The Wall Street Journal, citing anonymous sources, reported Saturday that no deal is set and that discussions between the paper and Slim, the owner of Mexico’s telephone giant Telmex, could still collapse.
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