FTC Approves Amazon’s Acquisition of Whole Foods

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Last Wednesday the Federal Trade Commission approved Amazon’s acquisition of Whole Foods Market for $13.7 billion. According to The Seattle Times, the government’s green light was anticipated. Whole Foods and Amazon (NASDAQ: AMZN) both have only a small slice of the nation’s $750 billion grocery market. Also on Wednesday, Whole Foods’ shareholders, approved the deal. ‘The FTC conducted an investigation of this proposed acquisition to determine whether it substantially lessened competition…’

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