FTC Says It Won't Pursue Investigation in Amazon/Whole Foods

The FTC won't pursue an investigation into Amazon.com's acquisition of Whole Foods Market (see 1707070048), said Bruce Hoffman, acting director-Bureau of Competition, in a Wednesday news release. He said the commission did an investigation to determine whether competition would be affected 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.” Amazon and Whole Foods didn't comment.