Amazon Cuts Whole Foods Prices as Much as 43% on First Day on @technology https://t.co/AIUWp0RE0C pic.twitter.com/vWynaLJmNR
— Will Corry (@slievemore) August 28, 2017
Internet goliath Amazon is on the brink of a dramatic shake-up of the grocery market after shareholders waved through its £10.7billion take-over of Whole Foods.
The US supermarket chain’s investors gave their backing to the all-cash offer in a vote last night.
It paves the way for a merger which will give Amazon a bricks and mortar presence for the first time, as it looks to extend its domination to food as well as consumer goods and books.
The deal was unveiled in June, sending supermarket shares plummeting.
Backing for Amazon’s £11bn Whole Foods deal https://t.co/BnN28eHsoe … Please retweet pic.twitter.com/RlQGlkd8Gv
— Will Corry (@slievemore) August 24, 2017
FTC approves massive Amazon-Whole Foods merger https://t.co/CAyWiaSJ0l pic.twitter.com/s1TyvoN9g2
— The Hill (@thehill) August 23, 2017