Amazon Takeover Of Whole Foods Gets Key Federal Approval

Amazon's purchase of Whole Foods is another step closer to reality, after the Federal Trade Commission decided the grocery deal would not hamper competition or provide an unfair advantage. The approval came on Wednesday — the same day shareholders of the Whole Foods chain approved the $13.7 billion deal that would make Amazon a bigger player in the grocery business. Whole Foods, which opened its first store in Austin, Texas, back in 1980, now has 470 stores in North America and the U.K.
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