5 Reasons Why Amazon Buying Whole Foods Makes Sense

Jun 17, 2017, 11:22 AM
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[f500link]Amazon[/f500link] announced on Friday that it will acquire upscale food market chain Whole Foods for $13.7 billion, giving the online retail giant a stronger foothold into the grocery business. The move is a strategic one for both companies: It comes amidst financial struggles at the organic food market while also boosting Amazon's brick-and-mortar presence. Here's a closer look at why the purchase makes sense.