Amazon to buy Whole Foods Market for $13.7B
NEW YORK -- Amazon reached an agreement to acquire upscale US grocer
Whole Foods Market for $13.7 billion, including debt, the companies
announced Friday.
Whole Foods, which has faced pressure from activist investors, will
continue to operate stores under its brand and will be led by co-founder
and chief executive John Mackey, the companies said. The deal is
expected to close in the second half of 2017.
source: news.abs-cbn.com