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Amazon to acquire Whole Foods in $13.7 billion deal


the produce news

 

Amazon and Whole Foods Market Inc. today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Jeff Bezos, Amazon founder and chief executive officer, said in a statement. "Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades -- they're doing an amazing job and we want that to continue."

Whole Foods Market will continue to operate stores under the Whole Foods Market brand. The parties expect to close the transaction during the second half of 2017.