A year ago, Amazon acquired Whole Foods, a $13 billion company that has raised billions of dollars in funding from investors, for $2 billion.
The deal will make Amazon the third-largest grocery retailer in the world, and a key player in the $60 trillion U.S. grocery industry.
The company’s acquisition of Whole Foods is a major coup for Amazon, which has made a name for itself with its Prime service and its acquisition of the online retailer Wal-Mart.
But it is also a significant investment for Whole Foods’ investors, which include Google Ventures and the Blackstone Group, the second-largest private equity firm in the U.K. Whole Foods shareholders voted to approve the deal, but Amazon CEO Jeff Bezos said last month that the deal had “gone a little too far.”
Here are 10 things you should know about Amazon’s $2-billion purchase of Whole Grains.
Amazon bought Whole Foods for $13.5 billion.
Two years ago, Whole Foods raised $12 billion in a funding round led by Goldman Sachs and Andreessen Horowitz.
That raised its valuation from $3 billion to $8 billion.
Now it is worth $13,500 per share.
Whole Gramps raised $8.3 billion.
This comes after the deal was approved by Amazon’s board of directors, and it is valued at $8,857 per share, or about $1,500 more than Amazon’s record closing price for Whole Grampain.
The transaction is a $10.6-billion acquisition of a company with nearly $50 billion in annual revenue.
Amazon has made more than 1,100 acquisitions so far, including $10,000-a-share acquisitions like Whole Foods.
Whole foods will use Amazon’s technology to analyze how shoppers shop and offer personalized recommendations to consumers.
Whole Grops has been in the business for 40 years and is known for its ability to detect the patterns of shopping habits, and offer insights to shoppers based on what they buy.
Whole is not the only big name in the grocery business.
Amazon also bought a major part of AmazonFresh, which is Amazon’s own grocery delivery service.
AmazonFresh launched in April and has been a huge success, with customers returning more than 3 million orders each day.
Amazon will use Whole Foods technology to develop a new way to serve food.
The new technology, which will be built into the Amazon Fresh app, will help Whole Foods provide the freshest ingredients and produce, as well as offer personalized products to customers.
Amazon is using the Whole Foods deal to make its grocery operations even more efficient.
Whole food companies have been using data from Amazon to improve their operations, and the acquisition will enable Amazon to make these data-driven decisions more easily.
Amazon wants to be the grocery retailer of the future.
The move will make it easier for consumers to shop online and in stores, where they can choose from hundreds of thousands of products and compare prices.
Amazon’s acquisition also marks the first time the company has bought a food brand that is part of a global chain.
Amazon acquired the grocery store chain Trader Joe’s for $7.9 billion in 2014.
The acquisition has raised questions about Amazon and Whole Foods employees’ health and safety.
Several reports have raised concerns about how the Whole Groves deal will affect the health of Amazon employees, with some workers fearing that the company will sell them out to other companies.
Amazon declined to comment for this story.