Friday, June 16, 2017
Amazon.com Now Owns 42 Whole Foods Market Stores In SoCal With $13.7 Billion Buy
Online e-commerce giant Amazon.com now owns roughly 40 grocery stores in Southern California, in what is the company's biggest foray into the grocery store market to date. Amazon and Whole Foods announced Friday that Amazon is acquiring the Whole Foods Market grocery store chain, in a $13.7 billion deal. Amazon.com said it will pay $42.00 per share in cash for Whole Foods Market, and will continue to operate the organic grocery store chain's retail markets. Whole Foods Market will continue to be led by CEO John Mackey. Amazon.com did not say how the acquisition will affect its e-commerce operations, however, Amazon had already been dabbling in the grocery store business with its AmazonFresh delivery service. Photo: Whole Foods' West Los Angeles location.