Amazon CEO – APN News https://apnlive.com KHABAR HAI TO DEKHEGI Tue, 24 Jan 2023 06:24:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 https://d2r2ijn7njrktv.cloudfront.net/apnlive/uploads/2022/05/11182423/cropped-apn-logopng-32x32.png Amazon CEO – APN News https://apnlive.com 32 32 183212769 Washington Post for sale as Jeff Bezos plans to buy NFL team: Reports https://apnlive.com/business-news/jeff-bezos-washington-post-sale/ Tue, 24 Jan 2023 05:35:35 +0000 https://apnlive.com/?p=437311 Jeff BezosThe Washington Post is reportedly up for sale as billionaire Jeff Bezos is rumored to sell the left-leaning newspaper in order to finance his plans to buy the NFL team Washington Commanders.

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The Washington Post is reportedly up for sale as billionaire Jeff Bezos is rumored to sell the left-leaning newspaper in order to finance his plans to buy the NFL team Washington Commanders.

Quoting a source with firsthand knowledge of the matter, The New York Post reported, that the Washington Post is courted by at least “one logical suitor”, who intends to submit a proposal. The source, however, declined to identify the potential buyer.

Another newspaper buyer and seller claimed that they heard “rumors” that Bezos might be looking to sell off the newspaper.

However, the Amazon founder’s spokesperson has issued a statement, denying the rumors of a possible sale.

A journal spokesperson, which is owned by News Corp, the same corporation that owns the New York Post, also denied the alleged sale.

In its report, the New York Post claimed that Bezos, who bought the Washington Post for $250 million in 2013, was ‘looking to clear the way’ to get the Commanders from embattled owner Dan Snyder.

The Washington Commanders, who have won three Super Bowls, lifting the Lombardi Trophy in 1983, 1988 and 1992, are viewed by potential investors as a sleeping giant franchise in a major market.

Reports say that Bezos may have trouble striking a deal with Commanders’ owner Dan Snyder, who reportedly is not a big fan of the billionaire’s newspaper and is still irate about the Washington Post’s series of disclosures exposing the toxic management culture of the NFL team.

The expose had reported that Commanders’ bosses, including Dan Snyder are allegedly responsible for enabling sexual harassment.

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The New York Post report added that Front Office Sports reported that Snyder has hired Bank of America, which “continues to court Bezos — even if there are indications that Snyder doesn’t want to sell” to the billionaire.

Apparently, the Commanders accepted first-round bids from potential buyers last week, but Bezos, who supposedly has been in negotiations with Jay-Z to form a buyout partnership, wasn’t one of them.

Bezos has publicly stated that owning a newspaper was never his goal. In order to ensure financial stability and spur online expansion, the Amazon founder was persuaded to purchase the Washington Post by its former owner Donald Graham in 2013.

The billionaire has said multiple times that football is his favorite sport.

Despite experiencing expansion quickly under Bezos with massive coverage, Washington Post apparently planned to lose money in 2022 after years of profits as circulation dwindled after the end of the Trump administration.

In November, Jeff Bezos, in an interview with CNN, said he plans to donate the majority of his wealth to charitable causes within his lifetime.

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