July 8, 2013 |
Shazam, the mobile app that instantly recognizes songs and TV commercials, has announced a $40-million round of funding led by Mexican billionaire Carlos Slim. The app, which users turn on when they hear a song that they want to identify, said the funding is being headed up by Slim's company, America Movil, one of the world's largest wireless communication firms. Shazam Chief Executive Rich Riley called the investment a milestone. “It's a great continuation of the incredible momentum that we have,” he said.
March 9, 2011 |
Carlos Slim remains the world's richest person for a second year with estimated assets of $74 billion, according to Forbes magazine's annual global ranking of billionaires. The net worth of Mexico's Slim, 71, whose holdings include the largest mobile phone operator in the Americas, rose $20.5 billion. Bill Gates, 55, chairman of Microsoft Corp., was second again as his net worth rose $3 billion, to $56 billion. Warren Buffett, 80, chief executive of Berkshire Hathaway Inc., held on to third place with $50 billion.
December 6, 2012 |
Carlos Slim, the world's richest person, is confronting a mounting backlash that's coming from the same parts of Latin American that made him wealthy. Authorities in several countries are moving to rein in his telecommunications empire. A wave of telecommunications regulation has swept the area in the last four months. Mexico's new president pledged last week to stimulate competition against Slim. In Brazil, institutions that monitor the phone industry are also gaining teeth, while populist politicians in countries such as Argentina and Colombia are spurring rule changes.
December 27, 2012 |
SACRAMENTO - A prepaid cellular company controlled by Mexican billionaire Carlos Slim is taking fire as it moves to expand in the lucrative California market. TracFone Wireless Inc., which has more than 21 million users in the United States, is the country's biggest player in the fast-growing business of selling low-cost cellphones and prepaid minutes - often to low-income customers. These phones, typically costing users as little as $20 for a phone and 60 minutes of use, appeal to many customers who don't want or can't afford to sign yearlong or multiyear contracts.
January 25, 2000 |
A retail group controlled by Mexican billionaire Carlos Slim Helu and his sons said Monday it will buy CompUSA, the struggling U.S. computer retailer, in a deal that positions the Slims for further penetration into hemispheric markets for Internet-related businesses. The deal also strengthens a partnership between the Slim family empire and Microsoft Corp., which becomes a minority owner of CompUSA. The two enterprises agreed in October to jointly launch a Spanish-language Internet portal.
September 12, 2008 |
Why is the world's second-richest man investing in old media? Some analysts are scratching their heads after Mexican billionaire Carlos Slim Helu revealed this week that he and his family had acquired a 6.4% stake in the New York Times Co., owner of the New York Times, International Herald Tribune, Boston Globe and 16 other daily newspapers. Investors have been fleeing the stocks of U.S. newspaper companies, whose advertising revenues are plummeting because of the slow economy and continued migration of readers from print media to the Internet.
January 20, 2009 |
New York Times Co. said Monday that it had reached an agreement for $250 million in financing from companies controlled by billionaire Carlos Slim Helu to help the newspaper publisher meet debt payments as credit markets dry up and the newspaper industry confronts plummeting ad revenue. Banco Inbursa and Inmobiliaria Carso will issue senior unsecured notes due in 2015 with detachable warrants, New York Times said.
March 6, 2012 |
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend but remains the world's richest person. Microsoft Corp. co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations in the net worth of the world's richest people now can be followed like stock prices or baseball standings through the new Bloomberg Billionaires Index. "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
April 29, 2006 |
Carlos Slim Domit, a member of Grupo Televisa's board, has withdrawn from the company's planning to bid for Univision Communications Inc. because of a conflict of interest. Slim Domit removed himself after Mexico City-based Televisa disclosed he had purchased 3.8% of Univision between March 9 and April 3.