News

FTC clears path for Amazon-Whole Foods merger

August 24, 2017

The Federal Trade Commission has completed its investigation regarding potential antitrust issues with Amazon's proposed acquisition of Whole Foods.

The announcement paves the way for the $13.7 billion deal to move forward, according to a New York Post report.

"Based on our investigation, we have decided not to pursue this matter further," Bruce Hoffman, acting FTC chief, said in a statement, according to the Post. "Of course, the FTC always has the ability to investigate anti-competitive conduct should such action be warranted," Hoffman added.

The mega merger, likely the biggest news in retail in the past few years, could be finalized before 2018 arrives.