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.

 


Topics: Financial News, Top 100 Retail

Companies: Amazon, Whole Foods


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