Tag Archives: Wal-Mart

Amazon to acquire Whole Foods Market

Whole Foods Market

MNA Science & Technology Desk: Amazon is going to acquire upscale US grocer Whole Foods Market, in a deal that underscores the online giant’s growing influence in the economy. The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain. In the $13.7 billion, all-cash deal, Amazon will buy the Texas-based champion of organic and specialty food for $42 a share. Whole Foods’ shares traded in the mid-$30 range for May and ...

Read More »
Scroll Up