FTC Approves Amazon’s Acquisition of Whole Foods
Published on August 23, 2017 at 03:20PM
An anonymous reader quotes a report from CNBC: The Federal Trade Commission will allow Amazon to continue its $13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, Bruce Hoffman, acting director of the Federal Trade Commission’s Bureau of Competition, said in a statement Wednesday. It ultimately decided not to pursue the matter further. Whole Foods shareholders approved Amazon’s acquisition deal hours before the FTC’s announcement.The two companies expect to finalize the agreement during the second half of the year. However, source familiar with the matter told CNBC the deal could happen sooner rather than later.
FTC Probing Allegations of Amazon's Deceptive Discounting Published on July 21, 2017 at 09:00AM An anonymous reader quotes a report from Reuters: As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts,…
Amazon Threatened To Kill Its Whole Foods Deal if the Grocer Started a Bidding War Published on July 07, 2017 at 05:21PM An anonymous reader shares a report: Amazon has long had a reputation as a hard-ball negotiator. It turns out its negotiations with Whole Foods leading up to its…
Amazon Threatened To Kill Its Whole Foods Deal if the Grocer Started a Bidding War Published on July 07, 2017 at 05:21PM An anonymous reader shares a report: Amazon has long had a reputation as a hard-ball negotiator. It turns out its negotiations with Whole Foods leading up to its…
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