Amazon announced the intention to purchase health foods grocer Whole Foods for $13.7 billion. Whole Foods’ stock, meanwhile, further soared by 29% to $42.68 a share, the highest level since May 2015. The target company is often an upstart poised to disrupt an existing industry. The product categories between Amazon and Whole Foods are also so distant that it’s hard to imagine a viable “one-stop shopping” strategy. It’s unlikely that quinoa lovers would pick up an e-reader or set of Wi-Fi speakers while shopping at Whole Foods.

Source: Forbes June 19, 2017 11:03 UTC