Amazon chief Bezos buys The Washington Post

The boss of Amazon, Jeff Bezos, has agreed to purchase the Washington Post newspaper for $250m (£163m).

Mr Bezos is buying the paper and its other print properties in a personal capacity.

The Post has been owned by the Graham family for 80 years.

"Years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post," said Post chief executive, Donald Graham.

"Jeff Bezos' proven technology and business genius, his long-term approach and his personal decency make him a uniquely good new owner for the Post."

The Washington Post Company also owns Kaplan, a test preparation company, in addition to other properties. Those will stay under the ownership of the Grahams as part of a yet-unnamed entity.

The sale is expected to be completed in the next 60 days.


/BBC/