The Wall Street Journal: Amazon’s deal for Whole Foods gets green light from FTC

Amazon.com Inc.’s takeover of Whole Foods Market Inc. cleared its biggest hurdle on Wednesday as federal regulators approved the e-commerce giant’s big bet on the more than $700 billion food retail market.

The Federal Trade Commission’s decision allows the companies to complete their $13.7 billion deal, including debt, and avoid a prolonged antitrust investigation.

Whole Foods shareholders also cleared the deal Wednesday, the Austin, Texas-based company said. Amazon shareholders don’t need to sign off on the transaction.

Amazon AMZN, -0.92% and Whole Foods WFM, -0.07% both want to close the deal by the end of the year.

>>> Original Source <<<