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LA Times Billionaire Owner Plans to Take Newspaper Public

LA Times Billionaire Owner Plans to Take Newspaper Public

Bloomberg4 days ago
Patrick Soon-Shiong plans to take the Los Angeles Times public over the next year, the billionaire owner told Jon Stewart on Monday night.
The newspaper has been under his stewardship since 2018, when his Nant Capital investment vehicle purchased it in a $500 million deal. South Africa-born Soon-Shiong helped steady the business after a clash between its editorial staff and the previous owners.
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