Amazon Now Owns Whole Foods

On August 23rd 2017, the FTC (Federal Trade Commission) announced that it would end its investigation into the acquisition of Whole Foods by Amazon. With this action, the FTC cleared the way for Amazon's $13 billion purchase of the grocery store chain to become official. Whole foods shareholders voted to approve the sale earlier on that day. The take over of Whole foods is expected to give Amazon a foothold in the $700 billion U S grocery market.