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Amazon buying Whole Foods for $13.7 billion

Austin-based Whole Foods Market is being acquired by Amazon in an all-cash deal valued at $13.7 billion, the two companies announced Friday.

Amazon had looked at the grocer last year, but initially decided not to make an offer.

Founded in Austin in 1978, Whole Foods has 465 stores worldwide and 87,000 employees.

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” Jeff Bezos, Amazon’s founder and CEO, said in a written statement. “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.”

Read more here.

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