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Amazon to buy Whole Foods for $13.7 billion

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The acquisition is technically happening as part of a merger agreement that will see Amazon pick up the supermarket’s net debt and purchase its stock at $42 per share.

But Amazon has also recently gone after the rest of the supply chain involved with that process, too. The company owns thousands of tractor trailers, leases aircraft from Boeing, has experimented with drone delivery, and has been working on developing its own shipping and logistics technologies.

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, said in a statement.

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