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Carlos Slim Helu is seen in an undated file photo. (AP file photo)
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StumbleuponMexico's Carlos Slim may invest hundreds of millions of dollars in the New York Times Co., a source familiar with the matter told Reuters on Saturday.
Slim, who already holds 6.4 percent of the Times, may get preferred stock with an annual dividend but no voting rights, the Wall Street Journal first reported.
The investment would be similar to a loan.
The Times is planning a special board meeting to discuss the matter, the source told Reuters.
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