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Tronc expected to sell Los Angeles Times

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Tronc is gearing up to sell the newspaper to billionaire biotech investor Patrick Soon-Shiong, a source familiar with the matter told Reuters.

CEO of NantHealth, Soon-Shiong also plans to purchase the Times' sister newspaper, the San Diego Union-Tribune.

The Times was purchased by Tronc's predecessor Tribune Co. in 2000. Tronc in 2015 bought the San Diego Union-Tribune.

Read more from Reuters.

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