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FTC: We won’t stand in the way of pending Amazon-Whole Foods merger

Agency warns it “may investigate anticompetitive conduct” if needed in future.

FTC: We won’t stand in the way of pending Amazon-Whole Foods merger

The Federal Trade Commission has formally allowed Amazon’s acquisition of Whole Foods to go forward.

According to a statement released Wednesday 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."

Last month, there had been some public opposition to the deal. Back in June, the online retail giant announced it would acquire Whole Foods Market for approximately $13.7 billion.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Amazon CEO Jeff Bezos wrote in a statement at the time. "Whole Foods Market has been satisfying, delighting, and nourishing customers for nearly four decades—they're doing an amazing job, and we want that to continue."

Channel Ars Technica