From the article: The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder of the paper’s current parent company, Tronc ... Soon-Shiong is the billionaire founder and chief executive of NantHealth, based in Culver City.
In summary: The rag is another "rich boy toy." Soon-Shiong is a smart dude who has made a lot of money in several tech areas, most related to healthcare. He has been the Donald's friend for a long time.
It may be sold to Beijing, the folks who control it.