Amazon agrees to buy Whole Foods for $13.7B

Whole Foods Market Inc. is being bought by 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

#Austin Check out URLinkedUp >


Leave a Reply

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

You are commenting using your 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