Amazon to buy Whole Foods for $13.7B
Amazon said Friday that it has entered into a definitive agreement to purchase Whole Foods Market for $13.7 billion in cash in a deal that connects the leading internet retailer with the innovative but struggling natural foods pioneer.
The deal will pay shareholders $42 per share of Whole Foods — a 27% premium over its closing price Thursday.
The purchase, which is expected to close in the second half of the year, would represent Amazon’s largest foray into brick-and-mortar retail and provide a $16 billion annual jolt to food sales. The ecommerce giant has pursued food through various avenues for several