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Amazon Acquires Whole Foods For $13.7 Billion Dollars

Amazon.com is moving into the world of groceries, they are buying Whole Foods store for a whopping $13.7 Billion dollars.. The deal is expected to close by the end of this year.

According to Seattletimes.com:

Amazon agreed to pay $42 per share for the Austin-based grocer in an all-cash transaction, a 27 percent premium over Thursday’s closing stock price.

Whole Foods, which made its name retailing organic and fresh products, had been struggling of late amid stepped up competition from Costco Wholesale, Wal-Mart, Trader Joe’s and other grocers. Whole Foods will keep its brand and John Mackey, its current CEO, will remain in place at the company’s existing Austin headquarters.

I wonder if Amazon will have personal shoppers that will deliver to you ?

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