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Amazon.com CEO Jeff Bezos acquires The Washington Post for a hefty sum. Washington Post investors may be relieved that the e-tail visionary is taking an unprofitable segment off their hands.
Amazon.com (AMZN -0.57%) CEO Jeff Bezos has now personally acquired The Washington Post for $250 million. The publication is only a small segment of the namesake parent company, while Washington Post (GHC 1.93%) earns much more on its educational divisions. In fact, the newspaper publishing segment creates the largest operating losses.
In the following video, Fool contributor Evan Niu, CFA, and Eric Bleeker, CFA, discuss the potential implications for Washington Post investors.
Eric Bleeker, CFA, and Fool contributor Evan Niu, CFA, have no position in any stocks mentioned. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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