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Amazon is buying Whole Foods

AP

Amazon is buying Whole Foods for $13.7 billion, a substantial broadening of its push into brick-and-mortar retail and fast-delivery.

Why it matters: This is yet another way the e-commerce giant is breaking into the physical space and taking over brick-and-mortar stores — which they previously argued were obsolete. And this further helps Amazon tap into the grocery market, which earns significantly more money than the e-grocery markets.