FTC clears Amazon’s purchase of Whole Foods
The U.S. Federal Trade Commission (FTC) on Wednesday approved Amazon’s $13.7 billion-purchase of Whole Foods Market, authorities confirmed. Clearing the deal, the federal agency announced that it would not undertake any further probe into the acquisition Whole Foods Market by Amazon. The deal is expected to be finalized by the end of 2017.
Earlier on the same day, shareholders of Whole Foods Market voted in favor of the acquisition deal. Shareholders of Amazon don’t need to approve the deal.
It is one of the FTC’s first big actions since President Donald Trump came to power. In the past, Trump repeatedly criticized Amazon. Once, he even incorrectly claimed that the company didn’t pay taxes.
Criticizing the company, he said, “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being lost!”
The FTC approved the deal when some analysts pointed out that antitrust law is ill-prepared to address the dynamics of a fast-changing corporate landscape, which is giving rise to corporate giants like Amazon, Google and Facebook.
A Translational Pharmaceutics stage, Quotient Clinical connoting its new personality to Quotient Sciences resulting acquirements of SeaView Research, QS Pharma, and Co-Formulate.
Intelligent and connected vehicles are turning into the Chinese business' specialty in the new automotive era. TuSimple Inc. reveals demonstrates minds-off automated driving using two modified trucks in Shanghai.
Well-known for its technology innovation, China region unveiled the first picture of the hypersonic strike airplane that is being created to convey atomic warheads through U.S. rocket protections. The pictures of four distinct rockets that U.S.
New York-based broad communications partnership, Time Inc. uncovered another advanced stage called Time Inc. Latino. Through its new computerized stage Time conveys exceptional access to the U.S. Hispanic group of viewers.
Chinese Multinational Telecommunication Equipment company, ZTE corporation officially released TECS 6.0. The company released the new generation cloud platform at the OpenStack Summit Sydney.
German-based, multinational open-source software company SUSE combines Cloud Foundry and Kubernetes to accelerate application delivery, which also helps to increase business agility.