Amazon to Buy Whole Foods

Amazon to Buy Whole Foods in $13.4 Billion Deal

Excerpts:

...With Amazon, Whole Foods gets a deep-pocketed owner with significant technological expertise and a willingness to invest aggressively in a quest for dominance...

...But the company has increasingly faced fierce competition from rival supermarkets. National retailers like Costco, Safeway and Walmart have begun offering organic produce and kitchen staples, forcing Whole Foods to slash prices...