Jeff Bezos, the Chief Executive Officer and founder of Amazon.com has acquired the Washington Post for $250 million. The acquisition is from Mr. Bezo’s personal funds and not as a part of the amazon.com group.
The Washington Post has been part of the Graham family since 1933, writes Katharine Weymouth, the Publisher and CEO of the Washington Post and she will continue this designation after the acquisition.
“With Mr. Bezos as our owner, we enter a new era and embrace an exciting future. I look forward to it, and I firmly believe you should as well.”