FTC Approves Amazon's Acquisition Of Whole Foods

By Steve Goldstein Markets MarketWatch Pulse

The Federal Trade Commission said it's decided not to pursue an investigation of Amazon's purchase of Whole Foods . In a brief statement, Acting FTC Bureau of Competition Director Bruce Hoffman said the agency examined whether the deal "substantially lessened competition under Section 7 of the Clayton Act, or constituted an unfair method of competition under Section 5 of the FTC Act."

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