Friday, June 16, 2017

Amazon Buys Whole Foods Market For $13.7 Billion

Austin-based Whole Foods Market is being acquired by Amazon.com, the companies announced this morning, in a giant $13.7 billion deal. According to the two, Amazon will pay $42 per share in cash for Whole Foods Market, including the grocery chain's net debt. Amazon said it will continue to operate stores under the Whole Foods Market brand, with John Mackey remaining as CEO. Whole Foods Market will remain headquartered in Austin, according to the two.