Amazon Is Buying Whole Foods Market for $13.7 Billion USD, in Cash

That’s $42 USD per share.

By
Fashion
7,807 Hypes 0 Comments

Yesterday we reported that Amazon was looking into buying messenger service Slack and today the Seattle-based e-commerce platform has announced that it will be acquiring Whole Foods Market for $13.7 billion USD in cash. Bloomberg reports that the deal means Amazon will pay $42 USD per share while Whole Foods’ co-founder and CEO John Mackey will stay at the helm. The move most likely is to help AmazonFresh, its grocery pickup service. Named the second richest person in the world by the Bloomberg Billionaire Index back in March, Jeff Bezos said, “millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy.”

Only time will tell how this acquisition plays out. Let us know your thoughts below.

Read Full Article
Image Credit
Daniel Berman

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

Arcade Fire Shares 'Everything Now' Single "Creature Comfort"
Music

Arcade Fire Shares 'Everything Now' Single "Creature Comfort"

With a little help from Portishead.

London's Streetwear Scene Came out in Full Force for Palace x adidas Originals
Fashion 

London's Streetwear Scene Came out in Full Force for Palace x adidas Originals

The bathrobe makes its debut.

M.I.A. Drops Smooth Visuals for "Finally"
Music

M.I.A. Drops Smooth Visuals for "Finally"

Summer dancehall vibes.


Converse Celebrates colette’s 20th Anniversary with Club 75 in Its Triple C Collaboration
Footwear 

Converse Celebrates colette’s 20th Anniversary with Club 75 in Its Triple C Collaboration

Presented by Converse
In the form of the classic Chuck Taylor ’70s and iconic One Star.

Stream 2 Chainz's New LP 'Pretty Girls Like Trap Music'
Music

Stream 2 Chainz's New LP 'Pretty Girls Like Trap Music'

A star-studded affair with features from Drake, Migos, Pharrell, Nicki Minaj, and more.

Watch the Video for DJ Khaled's "Wild Thoughts" Featuring Rihanna and Bryson Tiller
Music

Watch the Video for DJ Khaled's "Wild Thoughts" Featuring Rihanna and Bryson Tiller

The latest release from ‘Grateful.’

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.