After all that, Amazon's Whole Foods deal may be delayed
It could be a while before your local Whole Foods starts recognizing your Prime membership.
A raft of regulatory questions may delay the $13.7-billion mega-merger between Amazon and the supermarket chain as Democratic lawmakers and government officials raise antitrust concerns.
Whole Foods told its investors in June that the deal was expected to close late this year, but the companies reportedly warned that it could take until May of 2018.
The most recent potential roadblock came last week when the Federal Trade Commission began looking into a complaint claiming that the comparison prices Amazon uses to demonstrate savings to customers are misleading. No formal probe has been launched, but a source said the agency is working fast to meet a deadline in case it decides to take the next step towards one. Read more...
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