The high-stakes chess match for control of tronc Inc., Chicago parent of the Los Angeles Times, reached a fever pitch this week as biotech billionaire Patrick Soon-Shiong upped his stake with a series of stock acquisitions that appeared to be part of a move for control of the company.
Irwindale pre-packaged salad maker Ready Pac Foods Inc. has been sold to French multi-national food company Bonduelle for $409 million, according to the companies.
Platinum Equity has closed its latest buyout fund, a $6.5 billion vehicle with more than 200 limited partners subscribed, among them local institutional investors such as the Los Angeles City Employees Retirement System and the Los Angeles Fire and Police Pensions.
LAW: Trump appointee may back off environmental focus.
Trump’s U.S. attorney appointment could shake up prosecution of environmental cases.
Platinum Equity Closes $6.5 Billion Fund, Purchases Staples’ Australia and New Zealand Business Units
Platinum Equity announced Monday the closing of a $6.5 billion fund and the new investment vehicle’s latest acquisition, a buyout of Staples Inc.’s Australian and New Zealand business for an undisclosed sum.
A shakeup at Independent Sports & Entertainment – formerly a division of Hollywood mogul Ryan Kavanaugh’s Relativity Media – has bled into court, with the agency suing one of the National Basketball Association’s most powerful agents.
Marijuana business management company Notis Global Inc. and its founder – whose wealth was briefly calculated in the billions in 2014 – settled securities fraud charges related to a stock inflation scam on Thursday.
MARIJUANA: City of L.A. yet to get on board weed ads.
Pot businesses remain cautious in smoking out advertising opportunities.
After years of spurning suitors, Keenan & Associates is getting hitched.
TECHNOLOGY: Former Global Crossing chief aims to take on Netflix, Hulu.
Word broke last week that Los Angeles billionaire and former telecommunications mogul Gary Winnick was back in the game, taking a majority stake in startup streaming service Qello.