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Tribune gets $70.5 million investment from billionaire Soon-Shiong
May 23, 2016 by publisher · Leave a Comment
Tribune also rejected Gannett Co Inc's latest takeover offer, but said on Monday that it would allow the publisher of USA Today access to some confidential corporate information. Los Angeles-based Soon-Shiong, through his fund Nant Capital LLC, will hold about 12.9 percent in Tribune and join the publisher's board as vice chairman on June 2. Soon-Shiong, a South African-born surgeon, is part-owner of the Los Angeles Lakers basketball team and a founder of two drug companies, which…
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Tribune gets $70.5 million investment from billionaire Soon-Shiong