Amazon Plans To Divide HQ2 Between Two Cities| Investor’s Business Daily

Amazon (AMZN) plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, the Wall Street Journal reported Monday, based on a person familiar with the matter.




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The WSJ said Amazon is in advanced talks with multiple cities but hasn’t made a final decision on which two locations it will pick. On Sunday, the WSJ reported Amazon was in late-stage discussions with Crystal City in Virginia, Dallas and New York City.

A decision and announcement could come as soon as this week, the Journal’s sources said.

Amazon first announced in September 2017 that it was searching for a second headquarters. The e-commerce giant said HQ2 would create tens of thousands of jobs and tens of billions of dollars in additional investment for the city that wins the bidding process. Amazon said at the time that HQ2 will be a complete headquarters for Amazon, not a satellite office.

The reported decision to split HQ2 among two cities is a surprise announcement. Most recently, speculation as to where the headquarters would be had focused on northern Virginia.

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Amazon stock closed at 1,627.80, down 2.3% on the stock market today.

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View more information: https://www.investors.com/news/technology/amazon-hq2-headquarters/

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