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Amazon to buy Whole Foods Market for $13.7 billion

Deccan Herald Friday, 16 June 2017
Amazon, the Seattle-based online retail giant, on Friday, announced its entry into the brick and mortar grocery space by acquiring natural and organic foods supermarket chain Whole Foods Market in an all-cash deal valued at $13.7 billion.

The Austin-based Whole Foods stock is valued at $42 per share and Amazon is ready to give...
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News video: Amazon to buy Whole Foods for $13.7 billion

Amazon to buy Whole Foods for $13.7 billion 01:07

Amazon's proposed acquisition of Whole Foods is sending shockwaves across the food distribution system. Fred Katayama reports.

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