Amazon to buy Whole Foods Market for $13.7 bn

Amazon to buy Whole Foods Market for $  13.7 bnAmazon will acquire upscale US grocer Whole Foods Market, known for its pricey organic options, for $ 13.7 billion, the companies announced Friday, in a deal that underscores the online retailer’s growing influence. Under the all-cash deal, Amazon will acquire the Texas-based champion of organic and specialty food for $ 42 a share. Whole Foods, which has faced pressure from activist investors, will continue to operate stores under its brand and will be led by co-founder and chief executive John Mackey, the companies said.

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