Our guess is that in the past few months Carlos has been selling massive amounts of Global Crossing through one of his companies INMOBILIARIA CARSO S A DE C V to stockpile cash for a bid to take over Univision. Carlos Slim's investors on the Univision deal was Grupo Televisa SA. Today, the announcement of a consortium of investors including media mogul Haim Saban agreed to pay $12.3 B for the company.
GLBC Insider Trades
Will Carlos repurchase shares of Global Crossing now that he lost out on the Univision deal? On a good note STT CROSSING LTD stepped in on May 30 and purchased $124,522,800 worth of GLBC at $20.
