Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days. The Post Co. will change to a new, still-undecided name and continue as a publicly traded company without The Post thereafter.Bezos is paying a quarter-billion in cash which should empty about half the wallet in his walking-around pants.
The deal represents a sudden and stunning turn of events for The Post, Washington’s leading newspaper for decades and a powerful force in shaping the nation’s politics and policy.
Monday, August 05, 2013
Jeff Bezos buys the WashPost
Well, nobody saw this coming. The Post wants you to know that the deal has nothing to do with Amazon: