E-commerce behemoth and the world’s largest retailer Amazon extended its reach into the real world stores by acquiring upscale grocer Whole Foods for a whopping $13.7 billion.
Here’s all you need to know about the deal:
The move had a ripple effect on many food and retail stocks - shares of Target took an especially hard beating.
Here’s a list of stocks battered by the deal.
Amazon CEO Jeff Bezos isn’t quite the king of the world, but he might be soon.
Interesting back story: A hedge fund that Whole Foods CEO has called ‘greedy bastards’ in a recent interview with Texas Monthly is set to pocket some $300 million from supermarket’s sale. Read the whole story here.