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    Billionaire Patrick Soon-Shiong reaches deal to buy L.A. Times, San Diego Union-Tribune

    by Meg James, Los Angeles Times Feb 07, 2018 3 minutes

    LOS ANGELES - Biotech billionaire Patrick Soon-Shiong has agreed to purchase the Los Angeles Times from its parent company Tronc, restoring local ownership and perhaps ending a turbulent period for the storied 136-year-old institution.

    Chicago-based Tronc on Wednesday will announce the sale of The Times and the San Diego Union-Tribune to Soon-Shiong's investment firm Nant Capital for nearly $500 million in cash, according to a source familiar with the deal. In addition to the

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