Home Politics Senate Dem wants answers on FTC’s quick approval of Amazon-Whole Foods deal

Senate Dem wants answers on FTC’s quick approval of Amazon-Whole Foods deal

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Senate Dem wants answers on FTC's quick approval of Amazon-Whole Foods deal

Sen. Amy Klobuchar (Minn.), the ranking Democrat on the Senate antitrust subcommittee, is demanding answers on the speed with which the Federal Trade Commission (FTC) approved Amazon’s $13.7 billion purchase of Whole Foods.

In a statement on Friday, Klobuchar said she was concerned that the FTC “did not fully review” the deal before signing off on it Wednesday.

“Amazon’s increased access to data on consumers and their behavior, and its dominance in internet retail sales, raises questions about whether this merger harms consumers and suppresses competition,” she said.

“Examining such complicated issues is the FTC’s primary responsibility, and I will be calling on the FTC to provide an explanation for why they made such a quick decision regarding this merger.”

An FTC spokeswoman declined to comment.

In a brief and vague statement on Wednesday, FTC acting Competition Bureau chief Bruce Hoffman said the agency would be closing its investigation of the acquisition’s potential anticompetitive side effects.

Hoffman’s announcement came just two months after Amazon announced the proposed deal in June. And on Thursday, hours after getting the green light, Amazon said that the purchase would be completed on Monday.

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