Jeff Bezos buying Washington Post newspaper ops for $250M

|By:, SA News Editor

The Amazon founder/CEO is acquiring The Washington Post's (WPO) newspaper publishing ops for $250M.

Amazon is not involved in the transaction.

The deal includes "The Washington Post and other publishing businesses, including the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing."

Slate magazine, TheRoot.com, Foreign Policy magazine, and other Washington Post assets aren't part of the transaction.

WPO +1.9% AH. (PR)

Update (5:12PM ET): Shares now +5.5% AH.