Jeff Bezos would says goodbye as CEO of Amazon on July 5

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Jeff Bezos says goodbye as CEO of Amazon on July 5

The founder of the online shopping giant Amazon, Jeff Bezos, announced that the next July 5th will leave the position as CEO, which will be assumed as his replacement by the executive of the company, Andy Jassy.

“We chose that date because it has sentimental value to me,”Bezos said during a shareholders meeting from Amazon on Wednesday. He explained that it was on that date in 1994, exactly 27 years ago, when Amazon was founded.

Seattle-based Amazon Inc. had announced that Bezos would step down as CEO in February, but without providing a specific date. Jassy, ​​his replacement, currently runs the company’s cloud computing business.

He also plans to focus on his other ventures, such as his rocket company, Blue Origin, and his newspaper, The Washington Post.

Amazon also announced that it would buy the historic Hollywood studio MGM, hoping to fill its video streaming service with more shows and movies to watch.

The purchase of the historic Metro-Goldwyn-Mayer (MGM) film studio was carried out with a transaction of 9 billion dollars, one of its most ambitious bets and with which it seeks to strengthen itself in an increasingly concentrated entertainment sector.

With the approval of regulators, Amazon has agreed to acquire for USD 8.45 billion the iconic Hollywood lion company, whose vast catalog of 4 thousand films and 17 thousand television series “complements” its Amazon Studios division, focused so far on content for the small screen, as reported in a statement.

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