Jörg Carstensen/picture alliance via Getty Images
Mackenzie Bezos says she will give ex-husband and Amazon CEO Jeff Bezos 75% of their Amazon stock while reliquishing all interests in the Washington Post and space-travel company Blue Origin.
The former Mrs. Bezos will be left with $35.6 billion while Jeff Bezos will retain a $106.7 billion stake in the company. Mackenzie Bezos has also given voting rights to Jeff Bezos, assuring his control over the company.
Together, the couple owned 78.8 million shares, or about 16% of the company. The stock was flat on the news.
This story is developing. Check back for details….
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Source: Business Insider – jgarber@businessinsider.com (Jonathan Garber)