Amazon’s One Medical deal could be hitting a major snag as the Federal Trade Commission is reportedly stepping up scrutiny into the proposed $3.9 billion acquisition. SeekingAlpha reported on Feb. 3 that the FTC has allegedly hired outside economists to review the deal. The Wall Street Journal and Bloomberg also reported on Friday that the FTC is prepping a possible antitrust lawsuit against the e-commerce giant in a bid to challenge some of the company’s business practices as anti-competitive. The allegations the agency is preparing to make and the timeline for filing a complaint are still in flux, Bloomberg reported, citing sources who asked not to be named speaking about a confidential probe.
Read the full article: FTC Reportedly Hiring Outside Economists to Probe Amazon’s One Medical Deal //
Source: https://www.fiercehealthcare.com/health-tech/ftc-reportedly-preparing-potential-antitrust-case-against-amazons-one-medical