Amazon Whole Foods
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Jeff Bezos should totally buy a coffee startup
The benefits of Amazon’s $13.7 billion acquisition of Whole Foods more or less went live this week, with price cuts out the wazoo as well as a bunch of Amazon Echo devices available for sale in stores. With this massive move into grocery chains and the obvious branding play, as well as tangential benefits like suddenly getting access to hundreds of locations with fresh ingredients that… Read More
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Crunch Network
The (muted) impact Whole Foods may have on Amazon’s bottom line
It’s part of normal discussion in Silicon Valley to claim that Amazon makes no money, or even loses money, in the pursuit of growth. But it’s a trope Amazon bucks on a regular basis for two reasons: It doesn’t have to lose money on large chunks of its business in the name of growth anymore. It has recently (in terms of the life of its business) added a new operating unit… Read More
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Amazon will lose money on Whole Foods — but probably not for long
Sometimes giving up something in the short-term can yield a big reward in the long-term. That’s the idea behind many of Amazon’s businesses, and that’s particularly true of the recent Whole Foods deal. Amazon’s purchase of the upscale Whole Foods grocery chain for $13.7 billion will go through on Monday, and already the online retailer has said prices will drop on… Read More
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Amazon says Whole Foods deal will close Monday, grocery prices will drop
It’s official…Amazon says its purchase of Whole Foods will close on Monday. According to the release, “the two companies will together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone. As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a selection of… Read More
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Blue Apron is having another awful day and its shares are crashing
Since going public last month, things have not gone particularly well for Blue Apron, thanks to the specter of Amazon and its $13.7 billion acquisition bid for Whole Foods. The bad news, again, continues to roll in as what may have been a competitor in theory now seems more and more like an existential threat. Read More
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Instacart CMO Cheryl Law is no longer at the company
Instacart CMO Cheryl Law is no longer at the company, TechCrunch has learned. Instacart confirmed the departure. We were tipped off about her departure a bit before the whole Amazon making a $13.7B bid for Whole Foods thing went down. Law joined Instacart at the beginning of the year and was previously the CMO of Prosper. Instacart’s challenges can change on a nearly daily basis… Read More
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Equity podcast: Too much damn Uber news and Jeff Bezos buys a grocery chain
Hello and welcome back to Equity, a weekly podcast of high finance gossip and low GAAP intrigue. It’s TechCrunch’s show focused on all things venture capital. This week, Katie Roof, Matthew Lynley and I — Alex Wilhelm — were joined by Cyan Banister, a prolific investor on her own (Uber, Postmates, the list goes on), and partner at Founders Fund, a team with more… Read More
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An Equity podcast shot: Unpacking the Amazon-Whole Foods deal
We’ve got an Equity Shot for you, an irregular extra hit from the Equity podcast crew. Today the big news is the potential Amazon-Whole Foods deal, which has led to rampant media speculation, depressed grocery stocks around the nation and allegations of intelligent corporate strategy. It’s the sort of day that forces you to sit back and re-cast your views of the technology world. Read More
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Winners and losers in Amazon’s $13.7B purchase of Whole Foods
Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More
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Here are all of Amazon’s acquisitions before Whole Foods
Amazon today said it would make a bid to acquire Whole Foods for $13.7 billion, making it the largest acquisition for the company by far. The next-closest acquisition in price is $1.2 billion for Zappos, which happened all the way back in 2009. Since then it’s made a few big-ticket purchases like Twitch (around $1 billion) and Kiva Systems (a bunch of robots for around $775 million)… Read More
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How to make $300M in two months betting on groceries
Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the company in April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read More
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14 wildly hot takes we need on this Whole Foods + Amazon thing
Amazon just bought Whole Foods for $13.7 billion — which is a huge deal! This is one of the biggest deals of the year and is a big move for Amazon into grocery, a spot where it’s traditionally been extremely bad. It also means that Amazon is going to be a huge competitor with other retailers, starting the foodpocalpyse and sending other grocery stocks crashing. It’s probably… Read More
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Amazon wants to become Walmart before Walmart can become Amazon
The future of retail will be a combination of both online e-commerce and a brick-and-mortar retail presence – as recent moves from both Walmart and Amazon have shown, including today’s back-to-back announcements from the two rivals, which sees Amazon buying a chain of popular grocery stores with a Whole Foods deal for $13.7 billion, and Walmart picking up yet another online… Read More
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Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B
Amazon scared investors away from competing grocery stores today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all saw their share prices sink dramatically. Amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help Whole Foods run circles around its old-fashioned rivals. As… Read More
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Amazon is gobbling Whole Foods for $13.7 billion
Amazon has made a bid to buy Whole Foods in what would be a whopping $13.7 billion deal. The all-cash acquisition (which includes Whole Foods Market’s net debt), will radically shake up any number of businesses and completely changes the online retail and bricks and mortar landscape. Read More
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