Amazon founder Jeff Bezos has made a “significant investment” in the online Business Insider, according to its CEO/editor-in-chief Henry Blodget.
The former Wall Streeter disclosed that outlay via a post today on BI.
The cash flowed after a dinner that Blodget had with Bezos a year ago.
The investment, which is part of a $5M fund-raising drive, will allow BI to “continue to invest aggressively in many areas of the business, including editorial, tech/product, sales and marketing, subscriptions, and events,” according to the post.
Blodget said BI attempts to follow Amazon’s “obsession with customers and long-term focus."
Bezos Invests in Blodget
Fri., Apr. 5, 2013
By Kevin McCauley
Category: Media News
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