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Starting in 2011, Amazon began shifting its focus to buying technology startups to develop and improve Amazon Echo and grow its Amazon Web Services division. Amazon has diversified its acquisition portfolio into several market sectors, with its largest acquisition being the purchase of the grocery store chain Whole Foods Market for $13.7 ...
Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, which sells products free from hydrogenated fats and artificial colors, flavors, and preservatives. [6] A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections. [7]
Its acquisition of Whole Foods in August 2017 for US$ 13.4 billion substantially increased its market share and presence as a physical retailer. [8] Amazon also distributes a variety of downloadable and streaming content through its Amazon Prime Video , MGM+ , Amazon Music , Twitch, Audible and Wondery [ 9 ] units.
Amazon's deal to acquire Whole Foods isn't a done deal yet. There's a chance Walmart could trump Amazon's $13.7 billion offer, according to JPMorgan.
A woman uses a dash cart during her grocery-shopping at a Whole Foods store as Amazon launches smart shopping carts at Whole Foods stores in San Mateo, Calif., on Feb. 25, 2024.
The retail giant is planning to start opening grocery stores in a move that could upend the supermarket industry in the US, the Wall Street Journal reports.
In August of the same year, Amazon would finalize the acquisition of Twitch, a social video gaming streaming site, for $970 million. This new acquisition would be integrated into the game production division of Amazon. In June 2017, Amazon announced that it would acquire Whole Foods, a high-end supermarket chain with over 400 stores, for $13.4 ...
Whole Foods targets a wealthier clientele, and its smaller Amazon Go stores have limited offerings. Meanwhile, Amazon Fresh grocery stores are targeted at lower- and middle-income customers and ...