Amazon will be purchasing Whole Foods Market in a deal valued at $13.7 billion. The company will pay $42 a share for the organic supermarket chain, which has 460 stores throughout the US, UK and Canada.
Amazon’s huge deal Photo Credit: Reuters/Channel 2 News
Online retail giant Amazon bought Whole Foods Market in one of the largest deals within the consumer industry. Amazon paid $13.7 billion for the organic supermarket chain that operates more than 460 stores throughout the US, UK and Canada. The e-commerce giant agreed to pay $42 a share in the deal.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Amazon CEO and founder Jeff Bezos. “Whole Foods Market has been satisfying, delighting and nourishing its customers for nearly four decades – they’re doing an amazing job and we want that to continue.”
“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said Whole Foods Market CEO and co-founder John Mackey.