A couple of months after Amazon entered into an agreement to purchase Whole Foods for $13.7 billion, shareholders of America’s healthiest grocery store finally and officially approved the merge during a meeting that was held in Austin, Texas on Wednesday morning.
Also today, The Federal Trade Commission said in their press release that they will no longer pursue further investigation on Amazon’s acquisition of Whole Foods Market Inc.
“The FTC conducted an investigation of this proposed acquisition to determine whether it substantially lessened competition under Section 7 of the Clayton Act, or constituted an unfair method of competition under Section 5 of the FTC Act,” “Based on our investigation we have decided not to pursue this matter further,” said acting chief of the FTC’s Bureau of Competition.
Although both companies haven’t given many details about the changes that customers should expect, Whole Foods CEO said that the most innovative online retail company could turn the grocery chain from “class dunce” to “valedictorian.”
Hmm… looks like Whole Foods wants the help of Amazon to transform their customer’s in-store experience.
These changes might appeal to shoppers but not to the hard-working Whole Foods employees. We all know how Amazon aims to replace real people with technology – drone deliveries, cashier-less stores, etc.
On the other hand, this acquisition might also open more job opportunities… guess we’ll just have to wait after they close the deal.