News Release

Nader on Amazon Buying Whole Foods

The Verge reports: “Amazon is buying American supermarket chain Whole Foods for $13.7 billion, the online retail giant announced today. The acquisition is technically happening as part of a merger agreement that will see Amazon pick up the supermarket’s net debt and purchase its stock at $42 per share. The brick-and-mortar stores will continue to operate under the Whole Foods brand once the deal is complete, which is expected to happen later this year, but is subject to approval by regulators and the supermarket’s shareholders.”

RALPH NADER, @RalphNader
Nader is a consumer rights advocate, attorney, and former presidential candidate. His recent works include Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State, Breaking Through Power: It’s Easier Than We Think, and the 1965 book Unsafe at Any Speed. Nader is not currently available for interviews.

Today his office released the following statement: “With every move of this Goliath, Amazon is inviting a thorough anti-trust investigation by the Department of Justice or the Federal Trade Commission. This company is breaking records for destroying Main Street and hollowing out communities through such mechanisms as predatory pricing, and for many years in the past, avoiding state sales taxes.”

For more information, contact at the Center for Study of Responsive Law: Evan West, west at csrl.org

For background on Amazon, see: “Amazon’s Antitrust Paradox