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August 16, 2017

Amazon selling debt to buy Whole Foods

NEW YORK (AP) — Amazon says it is selling debt in order to pay for its $13.7 billion deal to buy organic grocer Whole Foods.

Amazon.com did not say how much money it plans to raise when it sells the senior unsecured notes, but credit ratings agency Moody's said Tuesday that the company is raising up to $16 billion.


 
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