In a bid to make it a Jeff Bezo 's approved world, Jeff Bezo, has apparently purchased the likes of Whole Foods Market(s) across the country. In a deal announced Friday, the e-commerce boss confirmed that for $42 a share plus a 27% premium, the stores now belong to Amazon.
According to reports, the sale will apparently close later this month as Amazon moves to crush Wal-Mart in its longstanding war with the supermarket giant. Amazon hopes to use its acquisition of Whole Foods as a tool to expand its own version(s) of supermarket glory including its push with Amazon Fresh.
Meanwhile, Amazon 's own shares reportedly rose as much 3.3% during the announcement while folks over at Target; Safeway, and the likes of Wal-Mart struggled to see their shares rise amid the news.