Biotech billionaire investor Patrick Soon-Shiong Friday blasted a report that he’s exploring a sale of the Los Angeles Times, saying he’s “committed” to the paper.
He tweeted his commitment shortly after a story in The Wall Street Journal said Soon-Shiong was exploring a sale of the publication he acquired three years ago for $500 million, along with the San Diego Union-Tribune and a handful of weeklies. The report came a few days after the paper’s former owner Tribune Publishing sold the rest of itself to majority shareholder hedge fund Alden Global Capital – which the WSJ floated as a possible buyer.
“WSJ article inaccurate. We are committed to the @LATimes,” he said.
WSJ article inaccurate. We are committed to the @LATimes
— Dr. Pat Soon-Shiong (@DrPatSoonShiong) February 19, 2021
Source: Deadline
