23 AUG

FTC: We won’t stand in the way of pending Amazon-Whole Foods merger

The Federal Trade Commission has formally allowed Amazon’s acquisition of Whole Foods to go forward.

According to a statement released Wednesday by Bruce Hoffman, the acting FTC director: “Based on our investigation, we have decided not to pursue this matter further. Of course, the FTC always has the ability to investigate anticompetitive conduct should such action be warranted.”

Last month, there had been some public opposition to the deal. Back in June, the online retail giant announced it would acquire Whole Foods Market for approximately $ 13.7 billion.

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Ars Technica

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