Washington Post To Be Sold To Amazon’s Jeff Bezos

Amazon.com founder and chief executive Jeffrey P. Bezos will pay $250 million in cash for The Washington Post and affiliated publications to the Washington Post Co.

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.

The Post reports few were aware a sale was in the works.