It has officially announced that the deal between Amazon and 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 best-selling grocery staples across its stores, with more to come.”
The deal between the two, valued at $13.7 billion, was announced in the month of June, leaving a lot of people flabbergasted. But the retail giant had already been building out AmazonFresh and the combination of efforts should make it easier to create dominance in online grocery ordering.
The two businesses are also distinctive enough that there weren’t notable government concerns about a potential monopoly. The FTC gave the okay on the Amazon-Whole Foods deal earlier this week.