Patrick Soon-Shiong, the billionaire founder of cancer drug maker NantHealth, is pursuing a public offering for the Los Angeles Times. This move signals his continued expansion into media while leveraging his healthcare tech empire. Soon-Shiong acquired the Times in 2021 for $32 million, a fraction of its previous value, and has since invested heavily in digital transformation and local journalism initiatives.

The IPO would mark a significant step in monetizing his media assets alongside his healthcare ventures. Public offering plans suggest the company is ready to tap capital markets for growth, potentially raising funds for further acquisitions or technology investments. L. A. Times represents a strategic media foothold for a tech-focused entrepreneur with deep pockets and a track record of disruptive business models.