New York Times Now Majority Owned By Mexican Billionaire Carlos Slim

[WhatInThe]

The New York Times now majority owned by Mexican Billionaire Carlos Slim. Used stock related transactions to gain stake.

http://www.bloomberg.com/news/2015-...w-york-times-stake-by-exercising-options.html

Not the first US business or iconic brand to be owned by a foreigner but The NEW YORK Times now is basically owned by a MEXICAN billionaire.

 

[mpd]

Don't worry about it. Here in Britain just about everything is foreign owned. We love selling the "Family Silver."

 

[AprilT]

Don't worry about it. Here in Britain just about everything is foreign owned. We love selling the "Family Silver."

That's really no different for the US very little here is owned by the citizens.

 

[mpd]

Maybe it is a bit like a game of chequers. You just buy up parts of a different countries assets as sort of future security. Of course, it is always going to stick in the throat of the "local natives!" At the moment in Britain, the Kraft takeover of Cadburys chocolate, especially with Easter approaching, isn't going down a barrel of laughs for some!!!

 

[Pappy]

When Kraft Co. Took over our family owned bread company back I the early nineties, it wasn't pretty from there on in. The personal touch, from our old owners, disappeared almost over night. We were now a number only in a huge organization. Before: Great benefits. After: You'll get what everyone else gets, like it or not.
Thank God I only had about eight years to go before I retired.

I'm afraid your Cadbury takeover won't be pretty.

 

[RadishRose]

[h=1]How Much More Indignity Can the Cadbury Creme Egg Take?[/h]
http://www.thedailybeast.com/articl...dignity-can-the-cadbury-s-creme-egg-take.html