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Bezos' ex-wife cedes Amazon control in divorce deal

Video Credit: Reuters Studio - Duration: 02:34s - Published < > Embed
Bezos' ex-wife cedes Amazon control in divorce deal

Bezos' ex-wife cedes Amazon control in divorce deal

MacKenzie Bezos, ex-wife of Amazon founder Jeff Bezos, will give 75 percent of their stake in the company and all voting rights to the billionaire entrepreneur as part of their divorce settlement.

She will also relinquish her interests in the Washington Post and rocket company Blue Origin, she said in a tweet on Thursday.

Lisa Bernard reports.

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Bezos' ex-wife cedes Amazon control in divorce deal

The road to Jeff Bezos's divorce may have been littered with tabloid tales, finger-pointing and alleged blackmail, but the two main parties involved - Bezos and his now ex-wife MacKenzie - seem to be parting quite amicably.

So much so, in fact, that MacKenzie tweeted on Thursday that she's 'happy' to turn over what undoubtedly amounts to a significant fortune, giving Jeff, 'all of my interests in the Washington Post and Blue Origin' - Bezos's aerospace company - 'and 75% of our Amazon stock plus voting control of my shares.'

The divorce settlement providing some relief for Amazon investors, says Reuters correspondent Jeffrey Dastin.

(SOUNDBITE) (ENGLISH) REUTERS CORRESPONDENT JEFFREY DASTIN SAYING: 'There almost had been a cloud hanging over Amazon's stock because with an impending divorce proceeding investors didn't really know if Bezos would give up his control in the company and would give up his stake - half of that, more of it, who knows?

And the reason that question mattered is because Bezos is viewed as central to the company's success.

So this says things have ended amicably, Bezos will continue to be in charge of the company's biggest bets going forward.'

Jeff, in a tweet of his own, responded with, 'In all our work together, MacKenzie's abilities have been on full display.

She has been an extraordinary partner, ally and mother.

She is resourceful and brilliant and loving, and as our fortunes unroll, I know I'll always be learning from her.'

(SOUNDBITE) (ENGLISH) REUTERS CORRESPONDENT JEFFREY DASTIN SAYING: 'To her own name she will have at least $35 billion in Amazon stock through this proposal that she announced on Twitter and for all we know she could have a lot more from the divorce settlement.'

The dissolution of their 26-year-marriage comes amid reports Bezos had an affair with TV host Lauren Sanchez, first reported by the National Enquirer.

Bezos launched an investigation into how the tabloid gained access to private text messages he sent Sanchez, and later posted a shocking incrimination of the Enquirer - claiming parent company AMI and CEO David Pecker threatened to publish more intimate photos of him and Sanchez unless the probe was called off.

AMI denied the blackmail charge, and said the source for its reporting was Sanchez's brother Michael.

Both Jeff and MacKenzie Bezos tweeted that they will continue their friendship as co-parents, with MacKenzie adding, 'Excited about my own plans.

Grateful for the past as I look forward to what comes next.'




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