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Tuesday, 6 August 2013

Jeff Bezos Amazon founder buys Washington Post

The Washington Post Company has agreed to sell the newspaper to Amazon.com founder and chief executive Jeff Bezos.
Bezos will pay US$250 million for The Post and all affiliated publications to the Washington Post.



This sale will result in the end of the Graham family four-generation ownership of one of America's leading news sources.
According to the Washington Post, the "Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organisation and become its sole owner when the sale is completed, probably within 60 days. 
The Post will change to a new, still-undecided name and continue as a publicly traded company without The Post thereafter.

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