By Emily LevensonDecember 16, 2018 05:15:28With the announcement of Amazon’s $13.4 billion takeover of Whole Foods, Amazon has come out swinging with its aggressive bid to control a key piece of the food-delivery market, but it’s still unclear whether the merger will result in Amazon buying Whole Foods or other smaller players in the industry.
The new deals announced Wednesday will put Amazon at the forefront of a growing market for clean-energy solutions, including renewable energy, energy efficiency and advanced manufacturing.
While the deal may seem a win for Amazon, the question of whether the deal will ultimately benefit the consumer is still open.
While Amazon’s deal is expected to be approved by regulators, many of its competitors are already pushing forward with similar deals.
Apple, for example, is launching a solar farm in Oregon and is expected in 2019 to buy a large, coal-fired power plant in West Virginia.
The solar farm is estimated to generate more than 1.4 million kilowatt hours of electricity per year, according to a report from Bloomberg.
Amazon, on the other hand, is likely to wind down its renewable energy business, according the Bloomberg report.
And while the Amazon-Whole Foods deal is considered a win by the company, some investors have expressed skepticism about the merger.
While the deal has raised concerns that the deal could drive down prices, analysts expect that price drop to come primarily from its own investments in renewable energy.
WholeFoods, which is currently the largest grocery chain in the United States, was founded in 2002.
The company has a strong presence in the food delivery market, with locations in Boston, Chicago, Detroit, Los Angeles, New York, Philadelphia and Seattle.
Wholesale food delivery service has exploded in recent years, and Amazon’s buyout of WholeFoods could make it a stronger player.
The deal also makes Amazon the second-largest buyer of food in the U.S. and the third-largest by revenue, behind only General Mills.
WhatsApp, the messaging app and internet-based messaging app, recently bought Whole Foods.