US: Amazon wins big data with Whole Foods buy

US: Amazon wins big data with Whole Foods buy

Last week, Amazon announced its intended fourth quarter acquisition of Whole Foods Markets for $42 per share in cash. The $13.7 billion acquisition is being hailed as Amazon’s big play to enter physical store retail. Whole Foods offers Amazon the opportunity to experiment with retail analytics, customer traffic management and in-store preference-matching. It’ll be a […]

US: Five firms advise on Amazon’s Whole Foods buy

US: Five firms advise on Amazon’s Whole Foods buy

Amazon.com announced Friday its plans to purchase the organic upscale grocery company Whole Foods Market in a $13.7 billion mega-deal, one that has yielded key roles for four Am Law 100 firms, reported Texas Lawyer. Sullivan & Cromwell M&A partners Krishna Veeraraghavan and Eric Krautheimer are leading a team from he firm advising Amazon as […]

US: Will Trump Officials overseeing Amazon-Whole Foods merger face conflicts of interest?

US: Will Trump Officials overseeing Amazon-Whole Foods merger face conflicts of interest?

The blockbuster deal by Amazon to purchase Whole Foods rocked financial markets on Friday. Grocery and retail outlet stocks were in a tailspin anticipating how the online shopping giant may move to swallow up the supermarket industry, particularly in the booming online sales market. The massive $13.7 billion Amazon-Whole Foods merger may also invite government […]

US: Amazon’s deal is likely to pass antitrust scrutiny

US: Amazon’s deal is likely to pass antitrust scrutiny

Amazon has sent changes the grocery store market with its $14 billion bid to buy Whole Foods reports Bloomberg. The deal will add an additional $16 billion in revenue to Amazon’s already enormous top line, which is expected to hit $200 billion next year. US antitrust laws are geared toward ensuring consumers benefit from business […]

Japan: Amazon to no longer force vendors to offer lowest price

Japan: Amazon to no longer force vendors to offer lowest price

Amazon Japan will do away with a contract clause that has required e-book and other suppliers to guarantee prices lower than those offered on rival e-commerce sites, in response to an antitrust probe that began last year. Normally, the prices at which suppliers sell their products online should differ depending on contract period, discounts and […]

EU: Amazon will change its ebook contract to end antitrust probe

EU: Amazon will change its ebook contract to end antitrust probe

The European Commission said on Thursday it had accepted commitments by US online retailer Amazon to alter its e-book contracts with publishers to end an EU antitrust investigation. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers would not be forced to give it terms as good […]

US: Consumer Watchdog says Amazon’s price lists are bogus

US: Consumer Watchdog says Amazon’s price lists are bogus

The California-based Consumer Watchdog group claims Amazon is misleading its customers by posting inflated list prices to give the impression the company is offering more of a discount. The nonprofit public-interest group filed a petition to Calif. Attorney General Xavier Becerra on Monday, claiming Amazon is violating state and federal law because, Consumer Watchdog said […]

US: Amazon, Expedia, GitHub back lawsuit against Trump immigration bans

US: Amazon, Expedia, GitHub back lawsuit against Trump immigration bans

On Monday Amazon and Expedia filed declarations of support for Washington state’s lawsuit against Trump’s executive order. This executive order things temporarily bans immigrants from seven Muslim-majority countries. There is also a tech industry meeting set for Tuesday to explore filing an amicus brief in support of a lawsuit against the bans. Amazon CEO Jeff […]

EU: Commission seeks feedback on commitments offered by Amazon in e-book case

EU: Commission seeks feedback on commitments offered by Amazon in e-book case

The European Commission is inviting comments on commitments offered by Amazon to address competition concerns relating to parity clauses in contracts with publishers. The clauses may breach EU antitrust rules and result in reduced competition among e-book distributors, and less consumer choice. The Commission has concerns relating to certain parity clauses contained in contracts between […]

EU: Amazon offers to change e-book contracts to settle antitrust probe

EU: Amazon offers to change e-book contracts to settle antitrust probe

US online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced […]