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Amazon Could Have Gone on a Retail Shopping Spree Instead of Buying Whole Foods

$16 billion buys a lot of brick-and-mortar.

With Whole Foods Market  (WFM) shareholders voting in favor of Amazon.com's (AMZN) - Get Amazon.com, Inc. Report pending offer, Amazon will issue up to $16 billion in debt to fund its acquisition of the grocer. With that kind of chump change, Amazon could have wiped out some of its struggling brick-and-mortar retail competitors once and for all.

So what does $16 billion buy? Pretty much the whole mall: Think Macy's (M) - Get Macy's Inc Report , Dick's Sporting Goods (DKS) - Get Dick's Sporting Goods, Inc. Report , J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report and Sears Holding Corp (SHLD) . Jeff Bezos would even be left with over $3.73 billion in change to pick a next target...or go to brunch over 400 million times.

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Editors' Pick: Originally published August 16, 2017. 

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