In a surprise move, Jeff Bezos, the CEO and founder of Amazon, has purchased The Washington Post and various other newspaper assets from The Washington Post Company for $250 million, it was announced at an all-hands meeting at The Washington Post‘s offices on Monday afternoon.
Bezos is acquiring WaPo as an individual, not by Amazon, the company confirmed in an e-mailed statement.
“I, along with Katharine Weymouth and our board of directors, decided to sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders),” Donald E. Graham, chairman and CEO of The Washington Post Company, said in a statement. “Jeff Bezos’ proven technology and business genius, his long-term approach and his personal decency make him a uniquely good new owner for the Post.”
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