Amazon is buying Whole Foods

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Amazon is buying Whole Foods Market for a reported $13.7 billion, or $42 a share, Bloomberg reports.

Amazon has spent a decade attempting to break into the grocery delivery business, and the acquisition of the popular organic grocery store is seen as a major push in that direction. The deal "would turn Amazon into a grocery giant overnight and help it sideline Instacart Inc., a startup that delivers grocery orders from Whole Foods stores in more than 20 states and Washington, D.C.," Bloomberg reports.

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Jeva Lange
Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.