Friday, June 16, 2017

Amazon is buying Whole Foods in a massive $13.7 billion deal

Following speculation last month, Amazon has reportedly acquired Whole Foods in a massive deal valued at $13.7 billion. For more context, that equals about $42 per share. Whole Foods CEO John Mackey will remain acting as the CEO of the popular grocery store chain after the deal has been finalized, according to a press release. “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Amazon CEO Jeff Bezos. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re…

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