Amazon buys Whole Foods for $13.7 billion
By Patrick Vinson
The Whole Foods founder and CEO made a statement making it very clear that this merger was a partnership, not a takeover. “This partnership presents an opportunity to maximize our shareholders, while at the same time extending our mission and bringing the highest quality, experience convenience and innovation to our customers”. This merger is expected to be fully completed by the end of 2017. Whole Foods also stated that its stores will continue to run themselves independently. While also keeping their HQ in Austin Texas. Whole Foods stocks are currently sitting at: Stock price: WFM (NASDAQ) $42.01 +8.95 (+27.07%).
Now does this mean we will start seeing Whole Foods products pop up on Amazon? Will we see AmazonFresh using Whole Foods based products? There are many questions to ask about this merger, along with will it cut the costs for consumers or adds another layer to the receipt.