They have just been dealt a heavy blow.
A report from FOX Business recently stated that the world’s richest man may be planning on buying the news network CNN.
The purchase would potentially cost $10 billion, however Bezos is worth around $193 billion so the purchase would be chump change for him.
Bezos may not be the only person vying for CNN. Investor Rich Greenfield of LightShed Partners is speculating that ViacomCBS and Comcast could potentially seek to buy CNN from AT&T.
He stated, “It’s not shocking to see this corporation want less exposure to the news (division) but I’m a little surprised CNN would be the only asset to be sold given they have a much stronger digital platform than the rest of Turner’s properties.”
Read the full story here.
Image Credit: Broadband TV News