Amazon to Acquire Whole Foods Market for $13.7 Billion

whole foods amazon

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,” said Jeff Bezos, Amazon founder and CEO. “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.”

“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 John Mackey, Whole Foods Market co-founder and CEO.

Whole Foods Market will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market’s headquarters will stay in Austin, Texas.

Completion of the transaction is subject to approval by Whole Foods Market’s shareholders, regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the second half of 2017.

  • Obsessed with cities, startups & spicy food. Team 75201 CEO, LaunchDFW

You May Also Like

raise your hand tiffany hand podcast

Podcasts We’re Diggin’: Tiffany Han Is #Winning at Instagram

Raise Your Hand. Say Yes., hosted by Tiffany Han, features “the creative adventures of ...

Mandy-Ginsburg Match Launch DFW

Match Group Names Mandy Ginsberg As New CEO

Today Match Group, Inc. announced the appointment of Mandy Ginsberg, CEO of Match Group ...

gig economy

The Gig Revolution

You may be thinking that independent contractors have been around forever so what’s the ...