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)