May 15, 2017
Coming Together: Patrick Soon-Shiong.
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Los Angeles Times parent company Tronc Inc. has entered into a definitive agreement to sell the Los Angeles Times, San Diego Union-Tribune and various titles in the California News Group division to Nant Capital, the private investment vehicle of L.A. biotech billionaire Patrick Soon-Shiong.
Billionaire biotech magnate Patrick Soon-Shiong is set to open an oncology clinic in El Segundo on July 11 as part of a push into the health care provider space.
BIOTECH: Venture would roll up several pharma units.
Patrick Soon-Shiong will continue to nurse his presence in the sector by forming the NantBio entity.