| Cult of Mac

Whole Foods acquisition gives Amazon almost as many stores as Apple

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Whole Foods
Whole Foods will soon become an Amazon subsidiary.
Photo: Whole Foods

Amazon is coughing up a whopping $13.7 billion in cash to acquire Whole Foods Market.

The two companies will merge but Whole Foods stores will continue to operate independently, with co-founder John Mackey retaining his role as CEO. The move instantly gives Amazon almost as many stores as Apple.