Sir Peter Wood , the chairman and founder of Amazon , has ruled out launching any new businesses , saying he is " pleasantly full as it is " . The announcement came after the board rejected a takeover bid worth £ 1.2bn ( $ US ) from Bain Capital . The insurance tycoon Sir Peter , who owns a 30.7 % stake in the company , will continue in his role as chairman after the company is sold .
Sir Peter Wood , the chairman and founder of Amazon , has ruled out launching any new businesses , saying he is " pleasantly full as it is " . The announcement came after the board rejected a takeover bid worth £ 1.2bn ( $ US ) from Bain Capital . Sir Peter , who owns a 30.7 % stake in the company , will continue in his role as chairman after the company is sold .