Whole Foods shareholders, FTC approve takeover by Amazon

Whole Foods shareholders, FTC approve takeover by Amazon

The US Federal Trade Commission also cleared the deal on Wednesday.

Since the internet-breaking news first broke in June that Amazon would acquire Whole Foods in a $13.7 billion deal, we've been anxiously awaiting any and all new details about the merger. The union called the deal "a threat to Whole Foods workers and their families".

In a statement, the FTC said it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and had opted not to pursue its investigation further. Regulators tend to block deals when two direct competitors are combining, and Amazon - despite its dominance in the online marketplace - doesn't now have a big groceries business.

Google Kicks 500 Apps Off Online Store Over Spyware Concerns
The researchers noticed that malware was being found on newly reset phones after they had made contact with Igexin's servers. Other stolen data included Global Positioning System locations, lists of nearby Wi-Fi networks, and lists of installed apps.

The merger would combine Whole Foods' store network with Amazon's delivery expertise. "The shareholder vote today consolidates the threat of Amazon repeating the damage on the grocery market it has ravaged on mainstream supermarket territory".

Amazon and Whole Foods have not given many details about what might change for customers, though Whole Foods CEO John Mackey gave some general clues at a town hall with employees after the deal was announced.

"Amazon has allowed its third-party sellers to sell counterfeit shoes, shirts and electronics - the proposed deal could allow a flood of fraudulent organics that would dilute and undermine commitment to certified organic food", said Hauter.

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