Amazon Buying Whole Foods in $13.7 Billion Deal

Amazon announced its acquisition of Whole Foods for $42 per share, a 27% premium over the previous closing price. This move marks Amazon's significant entry into the grocery market, challenging competitors like Walmart. The acquisition is seen as a strategic push into high-end grocery retail, with Whole Foods CEO John Mackey remaining in his position. The market reacted with halted trading and speculations about the impact on other grocery retailers.

What strategic move is Amazon making by acquiring Whole Foods according to the text?

How did the market react to the news of Amazon's acquisition of Whole Foods?