Laurene Powell Jobs, the widow of the legendary Steve Jobs, has become one of the entrepreneurs and philanthropists in Silicon Valley for some time, and now she has made a very interesting move. More precisely, Laurene Powell Jobs bought the Atlantic Media press trust, which, among other things, manages websites such as The Atlantic or Quartz, so those from Apple will have new friends in the US press.
Laurene Powell Jobs has an estimated fortune of approximately 20 billion dollars, and this is mainly thanks to the shares inherited from her ex-husband. No one knows how much Laurene Powell Jobs spent to buy the media trust The Atlantic, but we are certainly talking about a sum of several hundred million dollars, since its former majority shareholder bought it for 10 million dollars 20 years ago years.
Laurene Powell Jobs bought part of the shares of a Hollywood studio not too long ago, but also invested in two media institutions. Laurene Powell Jobs was asked a few months ago if she would be interested in buying a media trust, and she did not make it clear that she would be willing to do so, but here, far away from the world's eyes, negotiations took place, most likely intense.
Laurene Powell Jobs bought a media trust that was founded 160 years ago, with 33 million people reading its websites every month. The press trust owned by Laurene Powell Jobs generates an annual profit of approximately 10 million dollars, so we are not talking about a company that had financial problems, but about completely different reasons for the acquisition, which we will probably find out in the future.
"Laurene Powell Jobs, the Silicon Valley entrepreneur and philanthropist, has acquired a majority stake in Atlantic Media, the publisher of the Atlantic and digital properties like Quartz. Jobs, in a statement, called the Atlantic, "one of the country's most important and enduring journalistic institutions," and cited the links between her organization, the Emerson Collective, and the Atlantic's founder, Ralph Waldo Emerson, who "created a magazine whose mission was to bring about equality for all people.""
