Seattle – Amazon.com founder and CEO Jeff Bezos is purchasing The Washington Post from media holdings firm The Washington Post. Co. for $250 million in cash. He is making the purchase privately and Amazon.com is not involved in the transaction. Bezos will reportedly take the currently public Washington Post private.
An article about the purchase in The Washington Post quoted Bezos as saying he was entering uncharted terrain that will require experimentation, but does not plan to change the paper’s core values or dedication to its readers.