Billionaire Patrick Soon-Shiong, a biotechnology pioneer, wants to bring the print newspaper back to life.
On Monday, Tribune Publishing Co. said Soon-Shiong’s Nant Capital had made a $70.5 million investment in the publisher, a move seen as an attempt to fend off a hostile takeover by Gannett Co. Soon-Shiong will become vice chairman of the board, and Nant Capital will have a 12.9 percent stake, making it Tribune’s second-largest shareholder.
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