‘Washington Post’ to Be Sold to Amazon’s Jeff Bezos
The Washington Post Co. will sell its flagship newspaper and one of the most respected news organizations in the country to amazon.com founder Jeffrey P. Bezos, the company announced in a press release. The Post has been a family-owned business for four generations.
Amazon, the company said, will play no role in the purchase. Bezos is making the purchase personally.
Bezos will pay $250 million in cash “for The Post and affiliated publications to the Washington Post Co., which owns the newspaper and other businesses,” The Washington Post reports.