Tribune, Lending Club get investors, Lyft to add reservations

The Tribune Co., which publishes such newspapers as the Los Angeles Times and Chicago Tribune, said it has sold 4.7 million shares of newly issued stock to Soon-Shiong’s Nant Capital for $70.5 million, and that Soon-Shiong will join Tribune Publishing’s board as vice chairman.

San Francisco’s Lending Club, which has been trying shore up investor confidence since the surprise resignation of CEO Renaud Laplanche on May 9, got a boost Monday after Singapore investor Tianqiao Chen disclosed a stake of as much as 11.7 percent.

A group of four companies controlled by Chen holds 29 million shares of Lending Club and 15.7 million options, according to a regulatory filing from Chen and the firms.

While many commercial taxi and car services let passengers do that, ride-hailing companies like Lyft and Uber have said it’s more efficient to dispatch cars when riders are ready to use them.

Uber doesn’t allow reservations, although some independent smartphone apps say they can help you schedule a pickup in advance.