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
from TechCrunch
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
from TechCrunch
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
from TechCrunch
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
from TechCrunch
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
from TechCrunch
Walmart today doubled down on its efforts to continue building out a online retail fashion business. Today it announced that it would acquire menswear site Bonobos for $310 million in cash. The deal follows and complements several other acquisitions that the retail giant has made in the area of online fashion. They include Modcloth in March 2017, outdoor retailer Moosejaw for $51 million… Read More
from TechCrunch
Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. Bloomberg reports that Alibaba President Jack Ma is considering joining an upcoming $1.4 billion funding round for Grab which will be led by SoftBank, a company with many links to Alibaba. Separately, TechCrunch has confirmed with a source that Alibaba has held meetings with… Read More
from TechCrunch
Mobike, one of two fast-emerging on-demand bike rental services, has landed $600 million in new funding as it seeks to expand its business outside of China.
Bike rentals are shaping up to be the first global tech industry that was born in China. The principle is simple: bikes are fitted with GPS trackers which allows them to be picked up from and left anywhere using an app. With companies… Read More
from TechCrunch
In April we reported that Justin.tv founder and Y Combinator alum Justin Kan had assembled a team to “disrupt the legal industry” and was raising $10 million to do so. This week Kan confirmed that the company has completed its fundraising process, raising $10.5 million in what ended up being one of the biggest “party rounds” I’ve ever seen. Read More
from TechCrunch
The race to crown a winner in the AI-powered recruiting software space is on. With both Workey and Mya nabbing rounds in the last few weeks, the timing is prime for a few players to seek advantage in the form of growth capital. This seems to be exactly what Entelo, a six year old player in the space, is doing. The company is announcing a $20 million Series C round of financing today led by U.S. Read More
from TechCrunch