FTC Won't Challenge Amazon's Acquisition of 1Life Healthcare, Bloomberg Reports
February 21 2023 - 6:04PM
Dow Jones News
By Denny Jacob
--The Federal Trade Commission won't challenge Amazon.com Inc.'s
acquisition of 1Life Healthcare Inc., which operates a primary-care
practice under the name One Medical, a move that will allow the
deal to close later this week, Bloomberg reported, citing people
familiar with the decision.
--The agency plans to issue a letter to the companies warning
them that the investigation remains open despite the statutory
deadline for the antitrust review set to expire, the report
said.
--Shares of 1Life Healthcare were up 8.4% to $17.86 in
after-hours trading, while Amazon was virtually flat.
--The FTC didn't immediately respond to a request for comment
from Dow Jones Newswires.
Full story at
https://www.bloomberg.com/news/articles/2023-02-21/amazon-s-one-medical-purchase-to-avoid-ftc-challenge?sref=b0us4KbN#xj4y7vzkg
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 21, 2023 17:49 ET (22:49 GMT)
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