Billionaire Amazon CEO Jeff Bezos is not in talks to buy CNN, despite speculation parent company AT&T could sell the network to offload massive debt.
Sources close to the tech entrepreneur have denied reports he had his sights on the news station amid ‘rampant’ Wall Street chatter.
A Fox Business report on Tuesday claimed Bezos had been the subject of ‘pretty hot and heavy’ speculation among investment sources who claimed he was looking to buy CNN should AT&T decide to sell the news organization.
AT&T is reportedly looking to shed some of its debt after acquiring Time Warner in 2018.
CNN did not respond to requests for comment when contacted by DailyMail.com.
However, a source close to Bezos denied reports that the mogul was interested in purchasing the network.