Amazon to buy Austin-based Whole Foods Market

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Update 8:58 a.m.: Whole Foods Market announced today that Amazon will purchase the Austin-based natural and organic foods supermarket.

Amazon, which, according to Forbes, is worth $427 billion, will buy the supermarket for $42 per share, or about $13.7 billion, according to a news release.

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Amazon founder and CEO Jeff Bazos in the release. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades—they’re doing an amazing job and we want that to continue.”

The supermarket will continue to operate under the Whole Foods Market brand, according to the release, and its headquarters will stay in Austin.

Austinites took to social media Friday morning to share their reaction to the news:

John Mackey, the store’s co-founder and CEO said the partnership “presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers.”

Completion of the transaction is subject to approval by Whole Foods Market’s shareholders, regulatory approvals and other customary closing conditions. The sale is expected to be completed in the second half of 2017.


Posted  8:22 a.m.: According to the Associated Press, Austin-based Whole Foods Market will be purchased by Amazon as part of a multibillion-dollar deal.

Community Impact Newspaper will update this story as more information is confirmed.

UPDATE: For some Austin-area business owners, Whole Foods Market’s sale to Amazon means more innovation, efficiency

3 comments
COMMENT
    • Actually, there will be no more employees, or very little. He will start eliminating positions and benefits in 3…2…1

  1. What happens when a cell in our body’s decides to take more than it needs, sucking up all the body’s resources at the expense of the the other cells…. it grows and it grows, as the rest of the cells are starved out of existence? Jeff Bezos? No…. think again.

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Marie Albiges

Marie Albiges is the new editor for the San Marcos, Buda and Kyle edition of Community Impact Newspaper. She covers San Marcos City Council, San Marcos CISD and Hays County Commissioners Court. Marie previously reported for the Central Austin edition. Marie moved to Austin from Williamsburg, Va. in 2016 and was born in France.

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