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Amazon buys Whole Foods for whopping $13.7 billion

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News video: Amazon buys Whole Foods for whopping $13.7 billion

Amazon has snagged Whole Foods for a whole lot of dough. $13.7 billion to be exact.

Whole Foods CEO John Mackey is going to stay on and the brand will continue to operate under the same name.

John Mackey The move further illustrates efforts made by Amazon Amazon would pay $42 a share, a 27 percent premium to Thursday’s closing price.

Shares of Amazon were up about 3 percent following the news..

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