The FTC says it won’t stop Amazon from buying Whole Foods
The Federal Trade Commission says it won’t attempt to block Amazon’s proposed acquisition of Whole Foods, despite some calls for the agency to closely scrutinize the deal.
“The FTC conducted an investigation of this proposed acquisition to determine whether it substantially lessened competition under Section 7 of the Clayton Act, or constituted an unfair method of competition under Section 5 of the FTC Act,” the acting chief of the FTC’s Bureau of Competition said in a statement. “Based on our investigation we have decided not to pursue this matter further.”
Experts generally expected the deal, which also requires a sign-off from the Justice Department, to be approved, even as it was criticized…