Amazon Is Leading Tech’s Takeover of America – Wall Street Journal (subscription)

Why does a phone maker get into banking transactions? Why does a social network build a virtual-reality headset? Why does an online retailer buy a grocery chain?

Amazon’s just-announced $13.7 billion bid to acquire Whole Foods is just the most extreme example of a larger, more consequential phenomenon: America’s biggest tech companies are spreading their tentacles, pushing into complementary businesses in a play to sustain growth as they saturate the market for their existing goods. Led by hard-charging executives, these…

Amazon Is Leading Tech’s Takeover of America – Wall Street Journal (subscription)

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