A customer bags apples during the grand opening of a Whole Foods Market 365 location in Santa Monica, California, U.S., on Wednesday, Aug. 9, 2017. The fifth Whole Foods Market 365 opened on Wednesday, the second location for the Los Angeles area. Photographer: Patrick T. Fallon/Bloomberg
Amazon.com Inc’s proposed US$13.7bil (RM58.60bil) purchase of Whole Foods Market Inc won quick US antitrust approval, showing that concerns in Washington about the growing power of technology companies weren’t enough to derail the online retailer’s biggest-ever acquisition.
The US Federal Trade Commission approved the deal within a 30-day review period without an in-depth investigation after determining the tie-up wouldn’t hurt competition, the agency said.
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