Amazon is buying Whole Foods for $13.7 billion

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In a surprising turn of events, Amazon and Whole Foods Market announced this morning that they are merging; Amazon will acquire the high-end organic food company for approximately $13.7 billion cash. Whole Foods is retaining its CEO, cofounder John Mackey, and they will continue to operate their stores independently. The company’s headquarters will remain in Austin, Texas. Developing… Source: Business Wire

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Amazon is buying Whole Foods for $13.7 billion

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