Update: Whole Foods shareholders approve Amazon.com acquisition and so did the FTC | Retail


Updated on Aug. 23, at 4:50 p.m.: The Federal Trade Commission decided Wednesday not to object to Amazon’s acquisition of Whole Foods. The government agency responsible for reviewing such deals said after investigating whether the merger would decrease competition under antitrust rules, decided not to take any action. The acquisition is expected to be completed by the end of the year.

Updated on Aug. 23, at 10:30 a.m.:  As expected, Whole Foods shareholders meeting in Austin today voted to approve the grocery chain’s acquisition by Amazon in a $13.7 billion deal. 

The deal is still subject to regulatory approval but is expected to close before the end of the year.

The combination is expected to be a major shift for the grocery business, much as Amazon has disrupted other retail categories.