Deals
Amazon Antitrust Concerns Emerge in Washington and Wall Street
- Democrat calls for congressional hearings on Whole Foods deal
- Amazon’s $13.7 billion purchase expected to close this year
Why the Amazon-Whole Foods Deal Is a Game Changer
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Amazon.com Inc.’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington -- and Wall Street is taking notice.
A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing online retailer, saying government antitrust concerns will erode its value. In June, Goldman Sachs issued a note questioning whether tech stocks are overpriced and whether investors have overlooked the risks associated with potential government regulatory issues.