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07/02/2018 Patrick Soon-Shiong buys LA Times for $500 million

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LA Times Sold To Local Biotech Billionaire

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Billionaire Patrick Soon-Shiong Reaches Deal To Buy L.A. Times, San Diego Union-Tribune

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Dr. Patrick Soon-Shiong on Buying The L.A. Times, LeBron James

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Billionaire Buys LA Times! #latimes

Tribune Publishing, formerly Tronc Inc. agreed to sell the Los Angeles Times along with other southern California properties to billionaire biotech investor Patrick Soon-Shiong. This purchase by Soon-Shiong through his Nant Capital investment fund is for $500 million, as well as the assumption of $90 million in pension liabilities.
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