Amazon To Buy Austin-based Whole Foods For $13 Billion

Amazon Buys Whole Foods For OVer 13 Billion

Tech giant Amazon is shelling out 13-point-seven billion dollars to buy Austin-based Whole Foods Market.  The sale is expected to close later this year.  

Whole  Foods CEO John Mackey released a statement saying the "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."

The deal could  signal a major expansion for Amazon's online grocery sector.

PHOTO: Whole Food corporate headquarters in Austin. (Photo by Drew Anthony Smith/Getty Images)

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