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Tuesday, April 19, 2011

Slim to become sole owner of Brazil's Starone, (NYSE: AMX), (AMXL)

Tycoon Carlos Slim is seeking to buy the remaining 20 percent stake he does not own in Brazilian direct-to-home satellite television provider Starone for an undisclosed amount. Slim's Americal Movil (AMX.N) (AMXL.MX) said in a statement to the Mexican stock exchange that the transaction was expected to be approved in the third quarter of 2011, pending authorization from Brazil's regulators.

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