Federal Trade Commission

Amazon buying Whole Foods in bold move into brick and mortar

Amazon buying Whole Foods in bold move into brick and mortar

In a stunning swoop that gives it hundreds of stores across the United States, Amazon is buying Whole Foods, creating a grocery behemoth that could revolutionize the way people shop for food and perhaps other goods.

The $13,7 billion deal would unite the company that persuaded people to buy books — and then everything else — online with the grocery store chain that's slipped recently as shoppers found cheaper alternatives to the organic and natural foods it helped popularize.

"It is groundbreaking in that it's such a disrupter to so many industries," said Karyl Leggio, a finance professor at Loyola University Maryland, of the deal.

The Seattle-based Internet...

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