FTC: We won’t stand in the way of pending Amazon-Whole Foods merger
August 23, 2017
The Federal Trade Commission has formally allowed Amazon’s acquisition of Whole Foods to go forward. According to a statement released Aug 23 by acting FTC director Bruce Hoffman, "Based on our investigation, we have decided not to pursue this matter further. Of course, the FTC always has the ability to investigate anticompetitive conduct should such action be warranted."
FTC: We won’t stand in the way of pending Amazon-Whole Foods merger Statement of Federal Trade Commission’s Acting Director of the Bureau of Competition on the Agency's Review of Amazon.com, Inc.'s Acquisition of Whole Foods Market Inc. (FTC Statement)