The founder of Amazon Jeff Bezos would be thinking about making a proposal to buy CNN, increasing his investments in the communication area, according to the website FOX Business, in an article published this Wednesday (28).
According to the vehicle, the rumors involving Bezos and the purchase of CNN would have emerged through investment bankers, after rumors of a possible sale of the news channel by the current controller, which is supposedly thinking of reorganizing its operations.
These speculations indicate that AT&T would be interested in disposing of some of its properties, including the broadcaster, after acquiring Time Warner in 2018, for US$85 billion. The deal would have left the company with debt estimated at $30 billion.
However, the publication also claims that sources close to the richest man in the world have already downplayed any possibility of him making the investment at the time. In addition, there is no confirmation that the channel has actually been offered for sale, even with some indications pointing to a possibility that something like that will happen soon.
Bezos Business in the area of communication
If Jeff Bezos’ takeover of CNN happens, which seems unlikely at the moment, it won’t be the billionaire’s first deal in the news business. In 2013, he paid $250 million to acquire the The Washington Post, the largest circulation newspaper in the US capital.
After the acquisition, the traditional publication, founded in 1877, underwent some changes, including the launch of a new digital subscription model, which helped increase the number of paid users by 145%.
If he is really interested in acquiring the news network, he must have competition from ViacomCBS and Comcast, conglomerates that would also be eyeing a possible sale of CNN.