In 2017 Amazon completed its acquisition of the grocery chain Whole Foods Market for about 13.7 billion dollars, at the time the largest acquisition in Amazon's history. The deal gave Amazon a nationwide network of physical grocery stores and was widely read as a signal that the company intended to compete directly in food retail alongside its online business.
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The Amazon 2017 all-cash acquisition of Whole Foods Market is a finance-practice case study in cash-financed acquisition and rapid deal valuation.
Source Wikipedia, Whole Foods Market
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1. Wikipedia, Whole Foods Market
WikipediaLead section
John Mackey, the last remaining co-founder of Whole Foods Market, sold the company to Amazon for $13.7 billion on August 28, 2017.
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