2013-08-05
The Amazon CEO will privately purchase the Washington Post Company's flagship newspaper title.
Jeff Bezos, the CEO of Amazon, has agreed to privately purchase the Washington Post from the Washington Post Company for $250 million in cash.
The Washington Post Company will remain a publicly traded company without its flagship title, but under an as-yet-undetermined new name, according to the Post. According to Reuters, Slate, TheRoot, and Foreign Policy will remain within the Company.
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