#Current Affairs: Amazon founder Jeff Bezos to buy Washington Post for $250mn: * The Washington Post, iconic US newspaper that once brought down a president, announced on Monday it will have a new owner shortly, Amazon founder and CEO Jeff Bezos. * Bezos, whose net worth of $25.2 billion makes him the 19th wealthiest man in the world, is paying $250 million for the Post in a deal likely to be wrapped up in the next 60 days. * The paper won’t, however, be owned by Amazon, the $119-billion retail behemoth Bezos founded and leads, but by a company dealing with his personal wealth. * The Post, which once had an exclusive arrangement with Hindustan Times, is the first major traditional economy news company bought out by a new economy firm.
Posted on: Tue, 06 Aug 2013 13:53:23 +0000
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