Washington Post acquired by Jeff Bezos for $250 million

August 6, 2013

washington post acquired by jeff bezos for 250 million dollars

Online has won over Print. The recent news that Amazon founder Jeff Bezos is buying Washing Post shocked the entire US media industry. The newspaper announced on its website last Monday afternoon that Bezos is going to pay $250 million in cash.

The company Amazon will have nothing to do with the deal. Jeff Bezos himself would own the newspaper, as well as, its associated companies. (Of course, in the future, it would be inevitable that Amazon would be included in the loop.)

The purchase will be completed in about 60 days. Like many other similar acquisitions, we could say that print is having a hard time competing with the Internet.

[Link]

Read more on TechFever about:

Comments (3)

  1. [...] early August, Bezos purchased Washington Post for $250 million. He said this will be separate from Amazon. The amount is just a fraction of his assets which is [...]

  2. [...] Until now, we don’t know how many Kindles have been sold but we just know it’s selling. Jeff Bezos seems to have a lot of money that he acquired the Washington Post–separate from [...]

  3. [...] won’t reveal them, we just know that the company is doing great. So great that its founder Jeff Bezos has a lot of money to spare and shop for Washington [...]

Leave a Reply