Merger Monday

Amazon to close on Whole Foods buyout Monday

Darryl Hood,
Posted:

by Darryl Hood

Amazon will close its $13.7 billion buyout of Whole Foods Market Inc. on Monday and plans to cut prices on grocery staples. Starting Monday, Whole Foods will offer lower prices on staples including bananas, eggs, salmon, beef, and other products. Looking ahead, the Seattle company hopes to give Amazon Prime members special savings and other in-store benefits. Also, certain Whole…

Justice Department Approves Deal to Create New Cable Giant

Darryl Hood,
Posted:

by Darryl Hood

The Justice Department has approved Charter’s bid to buy Time Warner Cable and create another cable giant. Buying Time Warner Cable and Bright House Networks will turn Charter Communications, a mid-size cable company, into the country’s No. 2 home Internet provider, after Comcast. The new Charter will be No. 3 in video, trailing Comcast and AT&T, which bought DirecTV last…