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Amazon Founder Jeff Bezos Is Looking To Buy CNBC


Maybe this is why Bezos has been cashing out his stocks.

Amazon founder Jeff Bezos is reportedly looking to buy the cable network CNBC.

The report of Bezos’ interest in CNBC stemmed from conversations with his close business associates.

The New York Post broke the story and had more in-depth details:

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Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, The Post has learned.

The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to “Squawk Box” and “Mad Money with Jim Cramer” — after it is spun off by NBCUniversal parent Comcast later this year, according to a person familiar with Bezos’ thinking.

CNBC would “align well with his interests,” said another source close to Bezos, who noted that the network could serve as a credible “neutral voice” in his media portfolio — a major plus following Bezos’s headaches as owner of the left-leaning Washington Post.

The Amazon founder has weathered months of headline-grabbing chaos at the iconic newspaper, which has been mired in losses, layoffs and staff protests over his moves to shift the paper’s coverage in a more centrist, pro-capitalist direction.

Comcast, meanwhile, plans to spin off its struggling cable assets — which also include MSNBC, USA Network and E! — by the end of the year. CNBC will become part of a publicly-traded company called Versant, which will be run by a handful of NBCUniversal execs led by Chief Executive Mark Lazarus.

Sources close to Comcast told The Post that Bezos has not approached the cable giant headed by CEO Brian Roberts.

Just days before it was reported that Bezos is considering buying CNBC, he visited President Trump at the White House.

CNBC reported more on Bezos’ visit to the White House:

President Donald Trump met with Amazon
founder Jeff Bezos at the White House last week, CNBC has learned.

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The meeting between Trump and Bezos, one of the world’s richest men, lasted for more than an hour, according to two people familiar with the matter who asked not to be named because the conversation was private.

The nature and exact timing of the visit couldn’t be learned.

A Gulfstream G700 private jet linked to Bezos landed in Dulles, Virginia, outside Washington, on July 14 before taking off the next day, according to Jack Sweeney, a programmer who tracks flight data from jets owned by Elon Musk, Bill Gates and others.

Bezos, who also owns rocket company Blue Origin, has cozied up to Trump during his second term in the White House. Trump frequently hurled insults at Bezos during his first term, largely because of the Amazon founder’s ownership of The Washington Post.

Bezos joined a swath of tech CEOs on stage at Trump’s inauguration in January after donating $1 million to his inaugural fund.



 

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