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Amazon Swallows Whole Foods

Amazon the online retailer has agreed to buy Whole Foods the upmarket grocery chain for $13.7 billion. This is a smart acquisition by Jeff Bezos, the founder of Amazon. Bezos is in a race to become the world’s first trillionaire. 

Buying Whole Foods will give Amazon a brick and mortar presence. It will be interesting to see what Amazon will do with Whole Foods now. Grocery is an $800 billion market in the U.S., still largely untouched by the internet.

Who will Amazon buy next? Comment below…