Amazon agrees to buy Whole Foods for $13.7B

Whole Foods Market Inc. is being bought by Amazon.com Inc. in a major shake-up for both the homegrown Austin organic grocery chain and the Seattle-based e-commerce giant.
Amazon (Nasdaq: AMZN) has agreed to pay $42 per share in cash for Whole Foods (Nasdaq: WFM), or about $13.7 billion, according to a Friday announcement.
Whole Foods co-founder John Mackey will remain CEO and the company will be based in Austin, per the announcement.
“Millions of people love Whole Foods Market because they offer…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/16/amazon-agrees-to-buy-whole-foods-for-13-7b.html?ana=RSS%26s=article_search

#Austin Check out URLinkedUp > http://www.urlinkedup.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s