Monday, August 5, 2013

Breaking: Jeff Bezos buys The Washington Post for $250 million

Bezos-kindle-fire-alas-1000px-rm-verge_large

Jeff Bezos, the founder of Amazon and the world's 19th-richest man, has acquired The Washington Post, long one of the country's most influential and prestigious daily newspapers, for $250 million in cash, the company announced today. "The purchaser is an entity that belongs to Mr. Bezos in his individual capacity and is not Amazon.com, Inc.," a press release issued by The Washington Post said. The purchase includes all of the papers The Washington Post owns (and their websites), including the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, but does not include Slate, TheRoot.com or Foreign Policy.


Last week, Bezos sold about $185 million worth of Amazon shares, though it's unclear whether the sale is connected...


Continue reading…






via The Verge - All Posts http://www.theverge.com/2013/8/5/4587566/jeff-bezos-buys-the-washington-post

No comments:

Post a Comment