E-commerce and cloud computing giant, Amazon, is acquiring supermarket chain, Whole Foods for $13.7 billion, marking the former's solid push into the grocery business. Amazon has agreed to pay $42 a share in cash for Whole Foods, including debt, which is a premium over the $33 stock price at Thursday's close of trading. Whole Foods CEO, co-founder John Mackey will remain in his role. The acquisition gives Amazon access to Whole Foods' hundreds of physical stores across the U.S. Read more in our articles including "Amazon to acquire Whole Foods for $13.7 billion" and "HONOR 600 series launched, priced in the Philippines".
E-commerce and cloud computing giant, Amazon, is acquiring supermarket chain, Whole Foods for $13.7 billion, marking the former's solid push into the grocery business. Amazon has agreed to pay $42 a share in cash for Whole Foods, including debt, which is a premium over the $33 stock price at Thursday's close of trading.
Whole Foods CEO, co-founder John Mackey will remain in his role. The acquisition gives Amazon access to Whole Foods' hundreds of physical stores across the U.S.
Our coverage of whole foods includes: "Amazon to acquire Whole Foods for $13.7 billion"; "HONOR 600 series launched, priced in the Philippines"; "Google unveils AI-powered pointer for Chrome". Each article provides unique insights and information.