Carlos Slim

KPN Foundation hints at brake on Carlos Slim takeover

The KPN Foundation, an independent body with the power to block hostile takeover attempts of the Dutch telco, has expressed concern about Carlos Slim-owned América Móvil’s proposed bid for the 70% of the operator that it does not already own.  América Móvil unveiled its takeover plans at the end of last week. The foundation, set […]

America Movil plans €7.2 billion KPN bid

Latin American telco America Movil has announced plans to make a €7.2 billion bid for all issued and outstanding shares in KPN in the Netherlands. Mexican billionaire Carlos Slim’s America Movil already owns 30% of KPN and the new €2.40 per-share offer for the remaining 70% marks a 35.4% premium over the firm’s closing price […]

Shazam raises US$40m from America Movil

Shazam has raised US$40 million (€46 million) in funding from Latin American telco America Movil in a deal that sees the firms form a “strategic business collaboration” in the region. Second screen app and media recognition specialist Shazam said that the funds would help “accelerate Shazam’s ongoing growth in music, continued expansion into television and the […]