Right around the time the New York Times Company was set to pay back its $250 million debt to Carlos Slim, the Mexican super-billionaire took advantage of August’s market slump to buy up 553,000 shares in the media company. (He also bought 621,000 shares of Saks Fifth Avenue, shelling out a total of $8.8 million.) The Times Co.’s stock jumped 13 cents shortly after. Carlos can’t let go! [Bloomberg]
