[1/2] Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021.
Paul Ellis/Pool via REUTERS/File Photo Acquire Licensing RightsNov 21 (Reuters) - Amazon.com (AMZN.O) founder Jeff Bezos is expected to offload more of his stake in the company on Tuesday after selling shares worth about $240 million last week, CNBC reported, citing a source.
Bezos may sell as many as 8 million to 10 million shares, amounting to more than $1 billion, the report said.
A representative for Bezos did not immediately respond to a Reuters request for comment and neither did Amazon, whose shares were trading 2.5% lower on Tuesday.
After stepping down as Amazon's CEO, Bezos has been liquidating his shares in the e-commerce behemoth to fund his space venture Blue Origin.
Persons:
Jeff Bezos, Paul Ellis, Bezos, Blue, Zaheer Kachwala, Devika
Organizations:
Amazon, Change, CNBC, Thomson
Locations:
Glasgow, Scotland, Britain, Miami, Seattle, Canaveral, Bengaluru