On Topic: Tech news to know now

Here’s what’s going on in tech on Friday…

Amazon is buying Whole Foods for almost $14 billion. There’s no word yet if Amazon will include Whole Foods merchandise in its Amazon Fresh food delivery service, but there’s no doubt that the deal will have ramifications for online and traditional retailers.
–One of Amazon’s top rivals, Wal-Mart, also did a deal today, as it said it will acquire men’s clothing company Bonobos for $310 million.
–The European Union is reportedly going to fine Google for abusing its position in the internet search market. The fine could top the $1.11 billion the EU levied against Intel back in 2009.
Apple hires two executives from Sony to help spearhead its video-programming and TV show efforts.
Netflix backtracks and says it will never outgrow the fight for net neutrality after comments from Chief Executive Reed Hastings in which he said its company has largely outgrown the concept.

–Tablet wars? Microsoft says the iPad Pro wouldn’t exist were it not for the Mircrosoft Surface tablet.

–Investors aren’t showing much faith in Snap, as the Snapchat company’s shares have fallen to just above their $17 IPO price.

Photo: The Whole Foods Blossom Hill store in San Jose. The high-end grocery store chain has agreed to sell itself to Amazon for $13.7 billion in cash. (Courtesy: Whole Foods Market).
 

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