Today's edition of Inside Business covered Amazon's Acquisition of Whole Foods & Twitch. You can read the entire issue here, but we've also summarized some of the findings below:
- Since its founding in 1995, Amazon has completed 102 acquisitions and spent $20b on its 10 biggest acquisitions.
- Perhaps nothing speaks clearer to Amazon’s acquisition strategy than Jeff Bezos’ 1997 shareholder letter that has been attached with every succeeding annual shareholder letter.
- In 2017, Amazon acquired Whole Foods Market for $13.7b and has since seamlessly integrated the retailer into the e-commerce giant's business model.
- Twitch is an online streaming platform focused mainly on live streaming video games that Amazon bought for $970m in 2014.