Amazon Finalizes Whole Foods Acquisition As Competitors' Stock Prices Plummet03:37
Download

Play
A customer carries his Whole Foods Market bag on May 10, 2017 in Miami. (Joe Raedle/Getty Images)MoreCloseclosemore
A customer carries his Whole Foods Market bag on May 10, 2017 in Miami. (Joe Raedle/Getty Images)

Amazon has announced its acquisition of Whole Foods closes on Monday, after a brisk approval by the Federal Trade Commission this week. The conglomerate released a statement Thursday saying it will slash prices on some items starting Monday, sending stock prices of competing groceries like Kroger and Costco into a tailspin.

Here & Now's Lisa Mullins talks with Michael Regan (@Reganonymous) of Bloomberg News about Amazon's acquisition of Whole Foods.

This segment aired on August 25, 2017.

Related:

Support the news

+Join the discussion
TwitterfacebookEmail

Support the news