Ecommerce

Amazon to buy Whole Foods in $13.7B deal

E-commerce giant Amazon announced Friday it will snap up struggling grocery chain Whole Foods Market for $42 per share in an all-cash deal valued about $13.7 billion.

For Whole Foods workers, fears of robots, drones and culture clash

The merger that shook food and retail stocks on Friday - Amazon.com Inc.'s proposed deal to buy Whole Foods Market Inc. - rattled some employees of the upscale grocery chain who expressed fears ranging from layoffs to the loss of their laid-back corporate culture.

For Whole Foods workers, fears of robots, drones and culture clash

The merger that shook food and retail stocks on Friday - Amazon.com Inc.'s proposed deal to buy Whole Foods Market Inc. - rattled some employees of the upscale grocery chain who expressed fears ranging from layoffs to the loss of their laid-back corporate culture.