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Oct 25, 2021 · Sorrento’s lawsuit alleges that Soon-Shiong repurposed the funds in the venture for other uses, which Soon-Shiong also denies.
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Oct 25, 2021 · Soon-Shiong first gained a stake in the Los Angeles Times in 2015, and took full control, from an entity known as Tronc, three years later. Angelenos celebrated the sale and the potential for the...
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Jan 23, 2024 · Now, despite his great wealth - estimated at $5.4 billion by Forbes - Soon-Shiong's appetite for absorbing the tens of millions of dollars in losses he has already incurred seems to be waning....
Jun 16, 2018 · Soon-Shiong, a 65-year-old South African native and former UCLA surgeon, has amassed a fortune, estimated by Forbes at $7.5 billion, by building, then selling, two biopharmaceutical companies.
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In February 2018, the Los Angeles Times reported that Soon-Shiong's investment firm NantCapital reached a deal to purchase the paper and The San Diego Union-Tribune from Tronc Inc. for "nearly $500 million in cash" as well as the assumption of $90 million in pension obligations. [53]
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Feb 7, 2018 · Dr. Soon-Shiong’s Nant Capital reached a deal Wednesday to buy the Los Angeles Times, San Diego Union-Tribune and a group of smaller newspapers for $500 million and assume $90 million in pension...
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Apr 13, 2018 · Soon-Shiong went on to provide a crucial financial guarantee to assist Los Angeles County’s efforts to build the modern Martin Luther King Jr. Community Hospital. The story also helped Soon ...