New York (CNN Business) Jeff and MacKenzie Bezos announced Thursday that they have agreed to divorce terms, with MacKenzie Bezos set to hold on to a chunk of Amazon stock. In a tweet Thursday, MacKenzie Bezos said she would keep 25% of the couple's Amazon stock, which should give her a 4% stake in the company. Jeff Bezos will retain voting control over all her shares and will also maintain all his interests in the Washington Post and Blue Origin, a private space company. Amazon confirmed in a filing Thursday that MacKenzie Bezos is expected to hold 4% of the company's outstanding common stock pending a court approval of their divorce decree. If MacKenzie Bezos sells her shares, the buyer would have to enter into an agreement with Jeff Bezos to grant him the rights to vote those shares, according to the filing with the Securities and Exchange Commission.

Source: CNN April 04, 2019 17:35 UTC