Jeff Bezos Has Bought The Washington Post For $250 Million

Jeff Bezos, the founder & CEO of Amazon, has purchased the award-winning newspaper The Washington Post for $250 million, according to reports.

“Everyone at the Post Company and everyone in our family has always been proud of The Washington Post — of the newspaper we publish and of the people who write and produce it,” said Donald E. Graham, Chairman and CEO of The Washington Post Company in a statement. “I, along with Katharine Weymouth and our board of directors, decided to sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders).

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