Amazon to buy Whole Foods, Uber gets management facelift
Amazon to buy Whole Foods, Uber gets management facelift
1:22

Amazon to buy Whole Foods, Uber gets management facelift

Tech Industry
This is C|net and here are the stories that matter right now. Amazon is buying Whole Foods market for $13.7 billion. Amazon is paying $42 per share, which is a 27% premium over the closing price of the stock on Thursday, June 15th. Whole Foods will continue to operate under its own brand and retain its CEO, John Mackey. The deal is expected to close in the second half of this year. [MUSIC] This week UBER restructured its management. UBER co-founder Travis Kalenick is taking an idefinited leave of abscence as CEO. UBER second in the comman Jamil Michael left the company, as did board member David Bonderman after he made an inapporpriate comment at a company-wide meetinh. Wan Ling-Bartello, an executive at Nestle, will serve as a new member of Uber's board. A group of 14 senior executives will run the company while Kalanick is out. At E3 Microsoft revealed the Xbox OneX, formerly known as Project Scorpio. It is a souped up version of the Xbox One and will cost $500 when it arrives on November 7th. Sony showed off a number of games including footage from the next PS4 exclusive Spiderman game which will launch in 2018. Not to be outdone, Nintendo gave an in depth look at Super Mario Odyssey which will hit the Nintendo Switch on October 27. [MUSIC] Stay up to date with the latest by downloading the cnet tech today app available for iOS and Android.

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