FTC clears path for Amazon-Whole Foods merger
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.