Breaking: Ftc Approves Amazon's Acquisition Of Whole Foods

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Title : Breaking: Ftc Approves Amazon's Acquisition Of Whole Foods
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Breaking: Ftc Approves Amazon's Acquisition Of Whole Foods

This is a developing story. Return to this postal service for updates.

UPDATE 1

Following a vote before today where Whole Foods shareholders approved Amazon’s takeover of the grocery chain, the FTC has approved the acquisition.

UPDATE 2

Bruce Hoffman, the Acting Director of the Federal Trade Commission’s Bureau of Competition, issued this contestation on the Commission’s determination non to farther pursue an investigation of Amazon.com, Inc.’s acquisition of Whole Foods Market Inc.:
The FTC conducted an investigation of this proposed acquisition to determine whether it substantially lessened contest nether Section seven of the Clayton Act, or constituted an unfair method of contest nether Section five of the FTC Act. Based on our investigation nosotros induce got decided non to pursue this affair further. Of course, the FTC ever has the might to investigate anticompetitive bear should such activity survive warranted.
UPDATE 3

Is this to a greater extent than evidence that President Trump is to a greater extent than bark than bite? Several times Trump has called out Amazon founder Jeff Bezos too Amazon inwards comments too on Twitter. But inwards the end, things went smoothly for the Amazon acquisition inwards the White House Era of Trump.

   -RW


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