Don Graham approached Mike Bloomberg, Eric Schmidt about buying Washington Post

The Washington Post

Jeff Bezos “wasn’t the only billionaire wooed” by Washington Post Co. Chairman Donald Graham and the investment bank Allen & Co., Steven Mufson writes. Others included:

Robert Allbritton, owner of Politico and whose family once owned the Washington Star; Michael R. Bloomberg, who some people believed would want a daily print outlet in addition to his economic-driven subscriber news and data service; David Rubenstein, co-founder of the Carlyle Group and a major Washington philanthropist; and Eric Schmidt, who was chief executive of Google for 10 years.

The asking price in other negotiations reached $600 million, according to people familiar with the talks; for one prospective buyer, the price was significantly higher, according to a person whose advice was solicited by that person.

Bezos got the paper for $250 million. Lots, lots more good stuff in Mufson’s story about the events that influenced Graham’s decision to sell.

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