Published August 23, 2017 10:04pm EDT

FTC Approves Amazon's Acquisition Of Whole Foods

The Federal Trade Commission said it's decided not to pursue an investigation of Amazon's purchase of Whole Foods . In a brief statement, Acting FTC Bureau of Competition Director Bruce Hoffman said the agency examined whether the deal "substantially lessened competition under Section 7 of the Clayton Act, or constituted an unfair method of competition under Section 5 of the FTC Act."