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US lawmaker calls for hearing on Amazon's $13.7 bn plan to buy Whole Foods

Amazon Whole food deal marks the biggest acquisition for the world's largest online retailer

Reuters  |  Washington | New York 

The top Democrat on the US House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com Inc's $13.7 billion plan to buy Whole Foods Market Inc and is pushing for a hearing to look into the deal's potential impact on consumers. The deal announced in June marks the biggest acquisition for the world's largest online retailer. Amazon has not said what it will do with Whole Foods' stores and other assets, but analysts and investors worry the move could upend the landscape for grocers, food delivery services and meal-kit companies. US ...

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First Published: Fri, July 14 2017. 23:19 IST
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