Platinum Equity Exits San Diego Union-Tribune

Buyout firm Platinum Equity will sell the San Diego Union-Tribune newspaper to MLIM LLC for an undisclosed amount, the firm announced Thursday. MLIM is owned by San Diego entrepreneur Doug Manchester. The deal is expected to close December 15. No terms were released. Platinum Equity is being advised by Evercore Partners on the sale of the Union-Tribune and MLIM is being advised by Roth Capital Partners.

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