US: FTC allows Amazon’s US$13.7b Whole Foods buy

US: FTC allows Amazon’s US$13.7b Whole Foods buy

The Federal Trade Commission (FTC) will allow Amazon.com, Inc. to continue its US$13.7 billion deal to acquire Whole Foods. The FTC conducted an investigation to gauge whether the merger would decrease competition under federal regulations, Bruce Hoffman, acting director of the FTC’s Bureau of Competition, said in a statement Wednesday. It ultimately decided not to […]

US: Whole Foods shareholders approve US$13.7B acquisition by Amazon

US: Whole Foods shareholders approve US$13.7B acquisition by Amazon

Whole Foods shareholders have at last voted to advance Amazon’s acquisition of the grocery chain, moving the proposal one step closer to reality. Gathered at Whole Food’s headquarters in Austin, Texas, the retailer’s shareholders approved a merger with the internet giant on the morning of August 23. Amazon shareholders don’t need to sign off on […]

US: Walmart And Google team up to take on Amazon voice ordering

US: Walmart And Google team up to take on Amazon voice ordering

When Walmart goes to war for retail dominance, it does not kid around about it. The last year has seen the nation’s once-largest retailer spend billions on web-based acquisitions (most notably its US$3 billion Jet.com buy), cut its prices (to the chagrin of its suppliers), add grocery pick-up and roll out Walmart Pay nationwide. And […]

Japan: Amazon drops ebook price clause due to antitrust scrutiny

Japan: Amazon drops ebook price clause due to antitrust scrutiny

A group company within Amazon Japan G.K. has removed a contract clause requiring publishers to market ebooks on Amazon’s website at the lowest price when selling the same products on rival sites, the Japan Fair Trade Commission (JFTC) said Tuesday. According to the JFTC, Amazon Services International has revoked the clause requiring that terms match […]

US: Trump criticizes Amazon for ‘great damage’ to retailers

US: Trump criticizes Amazon for ‘great damage’ to retailers

President Trump renewed his attack on Amazon Wednesday, tweeting that the e-commerce giant is “doing great damage to tax paying retailers” and removing jobs in cities. Amazon, which employs about 180,000 in the US and has plans to finish hiring 100,000 more full and part-time jobs by mid-2018, couldn’t be reached for comment. Trump’s blistering tweet, […]

US: FTC’s Whole Foods-Amazon review leads to probe

US: FTC’s Whole Foods-Amazon review leads to probe

What started as a review of Amazon’s planned acquisition of Whole Foods has turned in a different direction according to a source close to the investigation. While investigating the planned deal, the Federal Trade Commission (FTC) is also looking into complaints that Amazon misleads customers about pricing discounts. The complaint, filed by advocacy group Consumer […]

US: Union against Amazon’s Whole Foods bid

US: Union against Amazon’s Whole Foods bid

Marc Perrone, president of the United Food and Commercial Workers International Union, sees Amazon as a threat to American jobs. So on Monday, Perrone plans to file a complaint to the Federal Trade Commission, arguing that letting Amazon buy Whole Foods would trigger a wave of store closures and eventually quash customer choice. Last month, […]

US: Amazon-Whole Foods: Shareholder sues in attempt to block takeover

US: Amazon-Whole Foods: Shareholder sues in attempt to block takeover

A federal lawsuit aims to thwart Amazon’s proposed US$13.7 billion merger with Austin-based Whole Foods, claiming that the transaction understates the grocery chain’s value and isn’t being conducted transparently enough. The suit, brought by Whole Foods shareholder Robert Riegel, charges that a proxy statement filed last week by the company misleads and withholds significant information […]

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 […]