Amazon convinced Whole Foods not to involve other bidders in $13.7bn deal
by Reuters from Technology | The Guardian on (#2VY0Q)
Previously undisclosed details on the negotiations show how Amazon got Whole Foods to accept a sale process that would not result in a bidding war
Amazon threatened to cancel its $13.7bn take over of Whole Foods if the US grocer involved other bidders, a regulatory filing showed on Friday, shedding new light on the acquisition.
The previously undisclosed details on the negotiations show how Amazon used its deep pockets and brand as leverage to convince Whole Foods to accept a sale process that would not result in a bidding war.
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