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Sunday, September 2, 2012

Billionaire Slim Buys 30% Stakes in Mexico Soccer Teams


America Movil SAB, the mobile-phone company controlled by billionaire Carlos Slim, acquired 30 percent stakes in two Mexican soccer teams, adding entertainment assets to compete with Grupo Televisa SAB. (TLEVICPO) The stakes in Club Pachuca and Club Leon were purchased from closely held Grupo Pachuca, according to an e-mailed statement today. Leon, which was promoted to the Mexican soccer league’s top division this season, is in fifth place in the standings, while Pachuca is 13th among 18 teams. 

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