Amazon Just Bought Whole Foods For Billions
Our favorite online retailer Amazon just bought Whole Foods for $13.4 billion dollars.
Yes! Amazon is getting onto the grocery business!
This would explain why Whole Foods last month laid out plans to improve operations and cut costs.
Amazon will pay $42 a share for Whole Foods, a 27 percent premium to Thursday’s closing price. After the deal was announced other big retailers, including Target, Walmart and Costco Wholesale fell sharply.
I wonder if we can order Whole Foods on Amazon?
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