Goodwin Procter recently advised The Washington Post Company on the sale of The Washington Post newspaper and related publication assets to Jeffrey Bezos, founder of Amazon, and his private investment firm, Nash Holdings, for $250 million. The transaction was announced on August 5 and closed on October 1.
The Washington Post Company (NYSE: WPO) is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news.
More information about the transaction can be found in The Post’s press release announcing the sale. Extensive press coverage surrounding the sale included articles in The Washington Post, USA Today and Forbes.