Amazon is ending its book-buying agreement with Whole Foods in which it purchased the grocery retailer’s grocery business for $5.5 billion in 2015.
The deal, which was originally announced in January, came to an end Friday, according to the company.
It had been expected to close in the second quarter, according the company, which reported a loss of $0.19 per share.
It’s the first major acquisition of a major grocery retailer.
The company had been looking to cash out on its stake in Whole Foods, which the company said was worth about $1 billion at the time it acquired the company in December.
Amazon is buying Whole Foods for $3.3 billion in cash, with the other pieces of the deal to be announced in the next few weeks.
The grocery giant had been eyeing the company’s remaining assets, including warehouses and warehouses’ warehouses, which would help it expand its e-commerce business.
It is also looking to expand its own grocery business, which it acquired in February, for $4 billion in 2018.
Shares of Amazon fell 0.2 percent to $74.70 in after-hours trading.