Amazon isn’t just a master at selling stuff. It’s also a shrewd buyer — as its $13.7 billion agreement this morning to acquire Whole Foods demonstrates.
Usually, in a big deal like this one, investors respond to the news by driving down the acquirer’s shares. But Amazon ended the day up 3%.
Buyers are optimistic that CEO Jeff Bezos will boost Amazon’s revenues and reach by establishing a foothold in the nearly $1 trillion a year U.S. grocery business. That could be reason…![]()
