BREAKING NEWS

U.S. FTC clears Amazon acquisition of Whole Foods

Now Reading:

U.S. FTC clears Amazon acquisition of Whole Foods

Text size Aa Aa

WASHINGTON (Reuters) – The U.S. Federal Trade Commission said Wednesday it has cleared Amazon.com Inc’s planned $13.7 billion (10.70 billion pounds) acquisition of Whole Foods Market Inc. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation further.

(Reporting by David Shepardson; Editing by Lisa Shumaker)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.