E-retailer Amazon has announced it plans to acquire Whole Foods Market in a $13.7 billion deal, solidifying its position in the supermarkets and grocery store industry.
According to Mergermarket, the bid is not only one of the decade’s top grocery deal in the US, but is also the fourth largest US deal in the retail subsector. The deal is largely being seen as a way for Amazon to move more into the brick-and-mortar space, which is not new for the company.