Deals
Amazon's Whole Foods Deal Wins Swift U.S. Antitrust Approval
- FTC clears merger after finding no harm to competition
- Decision comes after Trump criticized Amazon as monopoly
Why the Amazon-Whole Foods Deal Is a Game Changer
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Amazon.com Inc.’s proposed $13.7 billion purchase of Whole Foods Market Inc. won quick U.S. antitrust approval, showing that concerns in Washington about the growing power of technology companies weren’t enough to derail the online retailer’s biggest-ever acquisition.
The U.S. Federal Trade Commission approved the deal within a 30-day review period without an in-depth investigation after determining the tie-up wouldn’t hurt competition, the agency said Wednesday.