Amazon moves to acquire Whole Foods, raising monopoly concerns

Whole Foods Market (Credit: AP/Steven Senne)

Amazon announced Friday that it has reached an acquisition agreement with the management of upscale grocer Whole Foods for a price of $13.7 billion.

The announcement came as a surprise to many investors, yet it does fit within recent moves and statements made by both companies.

Amazon has been on a massive expansion tear as of lately. Other recent acquisitions include online shoe retailer Zappos, streaming video service Twitch and microchip...

#social

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Whole Foods Market [+]    Steven Senne [+]    Amazon [+]    Whole Foods [+]    Zappos [+]    Twitch [+]   

More #news: