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Investing.com -- Amazon (NASDAQ:AMZN) billionaire Jeff Bezos is exploring a potential acquisition of CNBC, the cable network known for shows like "Squawk Box" and "Mad Money with Jim Cramer," The New York Post reports.
The 61-year-old founder has expressed interest to business associates about purchasing the network after its planned spinoff from NBCUniversal parent Comcast (NASDAQ:CMCSA) later this year, according to The New York Post, citing a person familiar with Bezos’ thinking.
A source close to Bezos indicated that CNBC would "align well with his interests" and could serve as a credible "neutral voice" in his media portfolio. The source noted this would be advantageous following challenges Bezos has faced as owner of the Washington Post, which is viewed as left-leaning.
If completed, the acquisition would add a major financial news network to Bezos’ media holdings, which already include the Washington Post newspaper.
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