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Laurene Powell Jobs buys majority stake in The Atlantic

By Muckety

July 28, 2017 at 10:21am

Emerson Collective, the investment office founded in 2004 by Laurene Powell Jobs, widow of Apple founder Steve Jobs, has bought a majority interest in The Atlantic.

The media company announced that chairman and owner David G. Bradley will retain a minority interest in the magazine and will continue as chairman and operating partner for at least three years. Bradley paid $10 million in 1999 to buy The Atlantic from Mort Zuckerman.

Powell’s organization focuses on education, immigration reform, the environment and other social justice issues. It also has invested in Axios.

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