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...


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