Dr. Patrick Soon-Shiong figured out how to complete complex cell transplants from pigs to humans. He is still trying to solve the puzzle of running a successful news business.
The billionaire announced plans last July to combine the paper with studios and esports and take the Los Angeles Times’s parent company public. Pulling it off has been harder than he thought.
“It’s not easy trying to herd all these cats,” he told The Wall Street Journal. Soon-Shiong has said he plans to raise up to $500 million and pursue a public offering in 2027 — but he recently began to hedge that more, telling the Journal that while he still hopes to, “we’ll see what happens by next year.”
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