Amazon Plans to Split HQ2 Between Two Locations: WSJ
(Bloomberg) -- Amazon plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, the Wall Street Journal reported, citing a person familiar with the matter.
- Driving force behind decision to build two equal offices is recruiting enough tech talent, the person said, adding that the move will also ease potential issues with housing and transit
- Under the new plan, Amazon would split the workforce with 25,000 employees in each city selected
- Amazon is in advanced talks with multiple cities but has not made a final decision on which two locations it will pick, the Wall Street Journal cited people familiar as saying
- A decision and announcement could come as soon as this week, the people said
- Shares of JBG Smith Properties, a top office landlord in the Crystal City area of Arlington, Virginia, rose as much as 7.4% on Monday after the Washington Post reported over the weekend that Amazon was in advanced talks about locating HQ2 in the Washington suburb; shares pared gains after the Wall Street Journal report and are currently up 4.1% from Friday's close
To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net
To contact the editors responsible for this story: Clementine Fletcher at cfletcher5@bloomberg.net, Rita Devlin Marier
©2018 Bloomberg L.P.
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