Amazon trying to buy Whole Foods

[masraum]

And apparently, shaking the grocery industry pretty heavily.

Amazon to buy Whole Foods for $13.7bn - BBC News

Just a few tidbits from the article.

Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet.

Amazon, which has long eyed the grocery business, will buy the upmarket supermarket for $42 a share.

Investors greeted the deal as game-changing for the industry, sending shares of rival grocers plunging.

But Whole Foods, which had been under pressure, climbed.

Whole Foods stock soared 29% on the news. Amazon shares closed up 2.4%.

Shares of other supermarket chains took a beating. The industry has already seen significant consolidation, with smaller players wiped out.

Kroger shares fell more than 9 %, Target plunged 5% and Costco Wholesale Corp. dropped about 7%.

Walmart, which announced its own $310m deal to acquire the online clothing company Bonobos, slid 4.7%.

The reaction spread to companies in Europe. Dutch retailer Ahold Delhaize fell nearly 10%.

Mr Saunders said the deal is "potentially terrifying" for other companies.

"Although Amazon has been a looming threat to the grocery industry, the shadow it has cast has been pale and distant," Mr Saunders wrote. "Today that changed."

[Noah930]

I heard that with the stock price bump Amazon got today (from this news), it was enough to cover the cost of acquiring Whole Foods! So Amazon kinda got Whole Foods for free!

[aschen]

whole paycheck as my sister calls it.

[aschen]

a B&M presence for amazon groceries could be a big deal though

[craigster59]

Aldi is spending big bucks and so is Lidl to expand their presence in the US market.....
https://www.forbes.com/sites/timworstall/2017/06/12/aldi-to-spend-3-4-billion-making-americans-very-much-richer-just-like-walmart-did/#577f826d69f8
I can get a dozen eggs at Aldi for 79 cents. Good deals on their other brands too.

[herr_oberst]

Originally Posted by aschen

whole paycheck as my sister calls it.

Food Hole

[GH85Carrera]

Wal Mart was the 300 pound gorilla in the grocery market. Now Amazon is the 900 pound gorilla.

[speeder]

"Trying to buy"? That deal was signed, sealed and delivered long before this thread was posted.

[porsche4life]

Ya we aren't trying. It's a done deal!

"Jeff Bezos said to Alexa, 'Buy me something from Whole Foods,' and Alexa bought Whole Foods."


Also with the bump in stock price, we got it fee wth nice little kicker.
After its stock pop, Amazon will get Whole Foods essentially for free

[LakeCleElum]

Originally Posted by porsche4life

Ya we aren't trying. It's a done deal!

"Jeff Bezos said to Alexa, 'Buy me something from Whole Foods,' and Alexa bought Whole Foods."


Also with the bump in stock price, we got it fee wth nice little kicker.
After its stock pop, Amazon will get Whole Foods essentially for free

Yes, done....My stock Broker doesn't call every week, but he called me this morning about this....

[widebody911]

Everyone is all agape about Amazon buying whole foods and they missed this more insidious little nugget: Amazon has patented a way to prevent you from doing price comparisons in the store. It's really nothing more than a standard wireless MITM attack.

https://www.theverge.com/2017/6/15/15812986/amazon-patent-online-price-checking

[porsche4life]

Originally Posted by LakeCleElum

Yes, done....My stock Broker doesn't call every week, but he called me this morning about this....

As an employee I have some stock. Just wish I'd been with th company longer to have more stock!

[masraum]

Originally Posted by speeder

"Trying to buy"? That deal was signed, sealed and delivered long before this thread was posted.

Originally Posted by porsche4life

Ya we aren't trying. It's a done deal!

"Jeff Bezos said to Alexa, 'Buy me something from Whole Foods,' and Alexa bought Whole Foods."


Also with the bump in stock price, we got it fee wth nice little kicker.
After its stock pop, Amazon will get Whole Foods essentially for free

I thought it still had to go through the shareholders and the antitrust regulators before it is final.

[porsche4life]

Approved by the board is all it takes.


I don't think it would be a big enough share of the grocery industry to be put in front of the antitrust boards.

[wildthing]

Meat, fruits and vegetables at my doorstep in 1 hour. Why not?

Might be expensive though at first until they figure out how to cut costs... Whole Foods isn't known to be for the price-sensitive customer.

[island911]

Originally Posted by widebody911

Everyone is all agape about Amazon buying whole foods and they missed this more insidious little nugget: Amazon has patented a way to prevent you from doing price comparisons in the store. It's really nothing more than a standard wireless MITM attack.

https://www.theverge.com/2017/6/15/15812986/amazon-patent-online-price-checking

On their in-store WiFi...

I'm guessing that WHolePaycheck shoppers have their own data plans. But still, a patent on that? --yeesh.

[stealthn]

Originally Posted by widebody911

Everyone is all agape about Amazon buying whole foods and they missed this more insidious little nugget: Amazon has patented a way to prevent you from doing price comparisons in the store. It's really nothing more than a standard wireless MITM attack.

https://www.theverge.com/2017/6/15/15812986/amazon-patent-online-price-checking

Doesn't mean you can't use cellular....I'm not sure why people use provided Wifi, may as well jusr give away all your privacy

[widebody911]

Originally Posted by stealthn

Doesn't mean you can't use cellular....I'm not sure why people use provided Wifi, may as well jusr give away all your privacy

I would not be the least bit surprised if IMSI-catcher devices, aka "Stingray", came into more common use just for this purpose.

https://en.wikipedia.org/wiki/IMSI-catcher

https://en.wikipedia.org/wiki/Stingray_phone_tracker