Monday, July 17, 2017

Whole Foods deal sparks call for Amazon antitrust scrutiny

The Whole Foods in Seattle’s Interbay neighborhood. Amazon’s acquisition plan has raised concerns about the e-retailer’s expanding reach.  (Steve Ringman/The Seattle Times)Amazon.com’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington — and Wall Street is taking notice.

A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing online retailer, saying government antitrust concerns will erode its value. In June, Goldman Sachs issued a note questioning whether tech stocks are overpriced and whether investors have overlooked the risks associated with potential government regulatory issues.. . . more

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