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Amazon acquires Whole Foods

Amazon website, Amazon acquires Whole Foods marketplace
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The company that started by selling only non-processed foods back in 1978 as SaferWay and grew to a chain of no less than 431 markets, all located in the US, joins Amazon for $13.7 billion.

In a rather surprising move, Amazon acquired Whole Foods, although its own Prime Pantry store for Prime members began to operate only three years ago. On the other hand, Whole Foods entered the market back in 1980. Now, this brand is a super-chain with 431 markets open in the US.

The value of the deal is $13.7 billion and, once the acquisition became public, Whole Foods' closing share gained no less than 27 percent in value (last Thursday). For now, the Whole Foods chain continues to operate without any changes, but things might change in the long run. The deal is expected to close by the end of this year's second half.

In addition to Prime Pantry, Amazon also tries to cover local deliveries of fresh goods via the Amazon Fresh local grocery delivery service. Even more, Amazon also operates a few brick and mortar stores known as Amazon Go. Once the acquisition of Whole Foods closes and the chain becomes a part of Amazon, we expect to see a lot of interesting changes. However, we have to wait a few months until Amazon decides to reveal its plans for the Whole Foods chains.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 06 > Amazon acquires Whole Foods
Codrut Nistor, 2017-06-19 (Update: 2017-06-19)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.