The filing disclosed that Wyss, who made his fortune in medical device manufacturing, is financing the bulk of Newslight’s bid. Wyss is putting up $505 million in equity, while Bainum, whose background is in developing hotels and nursing homes and who remains the chairman of Rockville-based Choice Hotels International, is putting up $100 million.
Tribune Publishing sticking with Alden offer for now over bid by Maryland businessman and Swiss billionaire
