Amazon to Buy Austin-Based Whole Foods in $13.7B Deal

AUSTIN, Texas — Amazon will buy Austin-based Whole Foods in $13.7 billion deal.

Amazon 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,” saidJeff Bezos, Amazon founder and CEO.

“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.

The parties expect to close the transaction during the second half of 2017.

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