Amazon.com acquired Whole Foods Market for $13.7 billion, a transaction completed in August 2017, structured as all cash.
Whole Foods Market operates in Physical Stores / Grocery retail, is based in Austin, Texas, USA. Amazon acquired Whole Foods Market, the natural and organic grocery chain, in an all-cash deal at $42 per share. Whole Foods continued to operate its stores under its own brand from its Austin headquarters, with co-founder John Mackey staying on as CEO. The deal gave Amazon a large brick-and-mortar grocery footprint and anchored its physical-stores segment.
Extends Amazon's mission of high quality, convenience and innovation into physical grocery retail while making natural and organic food more affordable.
Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy. 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.Jeff Bezos, Founder and CEO, Amazon
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.John Mackey, Co-founder and CEO, Whole Foods Market
Advisory firms were not disclosed for this transaction.