- Democrat from Rhode Island raises concerns about competition
- Amazon’s $13.7 billion purchase expected to close this year
Congress should hold hearings to consider the potential effects of Amazon.com Inc.’s proposed purchase of Whole Food Markets Inc., a Democrat lawmaker from Rhode Island said.
“Amazon’s proposed acquisition of Whole Foods raises important questions concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice and low prices for American families,” U.S. Representative David Cicilline wrote in a letter to the chairman of the House Judiciary Committee requesting the hearings.
Cicilline said the acquisition is part of a wave of consolidation that…