Sentences with phrase «buy tronc»
The Wall Street Journal reports that Gannett has sweetened its deal to buy Tronc.
https://www.poynter.org/ Not exact matches
Meanwhile, Japan «s Softbank reportedly is interested in buying media publisher Tronc.
As the two Tronc principals have added gradually to their holdings over the past several months, news industry and Tronc watchers have themselves speculated on the twin buying spree.
On Monday, Tronc Vice Chairman, would - be Friend of Trump, Los Angeles Lakers part - owner and anti-cancer crusader Patrick Soon - Shiong bought another 2 million shares of America's second - largest public newspaper company.
Now Ferro and Soon - Shiong each hold just under 25 % of Tronc's shares, and both are prohibited from buying any more by the company's recently reformulated poison pill.
IBM bought Merge Healthcare from sellers that included an investment group, headed by Michael Ferro, who now heads the Tronc board of directors.
Officially, Tronc paid $ 56.2 million — more than 25 percent of the company's $ 200 million cash holdings as of the end of 2016 — to buy out the remaining shares of Oaktree Capital.
Ferro also sought to buy Us Weekly when it went up for sale last year, and Tronc's name as been frequently mentioned as a potential buyer for other national entertainment news businesses.
The Gannett battle over, Ferro faced two noisy dissident shareholders: Oaktree, dispatched today with high - priced hush money, and HG Vora, an activist shareholder that smelled profit last year as Tronc was in play and bought into the company speculatively.