FTC Approves Amazon's Acquisition of Whole Foods (cnbc.com)

Posted by BeauHD on Wednesday August 23, 2017 @09:20AM from the green-light dept.

An anonymous reader quotes a report from CNBC: The Federal Trade Commission will allow Amazon to continue its $13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, Bruce Hoffman, acting director of the Federal Trade Commission's Bureau of Competition, said in a statement Wednesday. It ultimately decided not to pursue the matter further. Whole Foods shareholders approved Amazon's acquisition deal hours before the FTC's announcement.The two companies expect to finalize the agreement during the second half of the year. However, source familiar with the matter told CNBC the deal could happen sooner rather than later.

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And so... by Anonymous Coward · 2017-08-23 09:28 · Score: 1, Informative

Free Market Capitalism dies a little more today, as a single company marches on its way to multifaceted sales monopolies across dozens of industries.
1. Re:And so... by Anonymous Coward · 2017-08-23 10:40 · Score: 2, Informative
  
  What melodramatic schlock. "Oh, woe is me, I'll have to shop at Safeway or Kroger or Food City or Food 4 Less or Sprouts or Natural Grocers or Trader Joes or Bashes or US foods or Costco or Walmart or Target or any number of the Asian markets around here if I don't like Amazon. Competition is sooo diminished, Amazon totally has a monopoly on food now!"