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 June 16 announcement.

Whole Foods co-founder John Mackey will remain CEO, and the company will be based in Austin, per the announcement. The deal is expected to close in the second half of 2017, and…

Amazon agrees to buy Whole Foods for $13.7B syndicated post

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