For nearly three decades, the test-preparation and education company Kaplan Inc. has relied on the prestige and integrity of its corporate owner, the Washington Post Company, to promote its brand.
But The Washington Post announced on Monday that Jeff Bezos, founder of Amazon.com, had purchased the newspaper division of the company for $250-million.
Kaplan and its subsidiaries, including Kaplan Higher Education and its mostly online Kaplan University, will remain part of the publicly traded Washington Post Company and will continue operating largely as they were before the sale of the newspaper, said Rima Calderon, a spokeswoman for the Post Company. The parent company will also continue, though under a new, still unspecified name.
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