Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion, including 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," said Jeff Bezos, Amazon founder and CEO. "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."
"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.
Amazon.com Inc. will pay $42 per share of Whole Foods Market Inc.
According to the release, Whole Foods will continue to operate stores under the Whole Foods brand. Mackey will remain CEO and headquarters will stay in Austin.
The deal is targeted to close in the second half of the year.
SOCIAL MEDIA REACTION:
Can I pick up my amazon orders from whole foods now?— Justin Bieber Fan (@BieberAlanFan) June 16, 2017
Whole Foods PrimeNow deliveries?!? That would be just swell 👍🏾👏🏾👍🏾👏🏾— Stephanie Brooks (@CocoaDiva84591) June 16, 2017
So now I can buy $14 lettuce online?— K-Chod (@Kevchod) June 16, 2017
So now I can get my $6 asparagus water sent to my house by drone? Awesome.— Jess (@sp4rr0wsw3nch) June 16, 2017
Now you can get free 2-day shipping on kale ice cream! https://t.co/3VgaW5zxYO— Travis Herzog (@HerzogWeather) June 16, 2017
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