Amazon Buying Whole Foods in $13.7 Billion Deal

Amazon announced its acquisition of Whole Foods for $42 per share, a 27% premium over the previous closing price. This move marks Amazon's significant entry into the grocery market, challenging competitors like Walmart. The acquisition is seen as a strategic push into high-end grocery retail, with Whole Foods CEO John Mackey remaining in his position. The market reacted with halted trading and speculations about the impact on other grocery retailers.

What was the purchase price per share that Amazon offered for Whole Foods?

• $50

• $33

• $42

• $27

Which company is seen as a major competitor to Amazon in the grocery sector?

• Costco

• Walmart

• Kroger

• Target

Who will remain as the CEO of Whole Foods after the acquisition?

• Jonathan

• Jeff Bezos

• John Mackey

• Tim Cook

What percentage premium does the Whole Foods offer reflect on the June 15 closing price?

• 15%

• 27%

• 42%

• 33%

What is significant about Amazon's acquisition of Whole Foods in terms of brand strategy?

• It is Amazon's first acquisition in the grocery sector.

• It is the largest acquisition by Amazon to date.

• It marks Amazon's entry into the European market.

• It involves acquiring a high-end brand, which is unusual for Amazon.