Amazon’s Whole Foods deal may accelerate the fresh food takeover, hurting General Mills

Jeff Bezos just drove a tank into the middle of the food fight going on between Wal-Mart and the packaged goods industry. Amazon’s $13.7 billion deal to purchase Whole Foods is expected to be disruptive for grocers and other retailers, but it couldn’t come at a worse time for big brand food companies, already hurt by the heavy hand of Wal-Mart’s discount pricing and the expansion of online shopping. Now with Amazon jumping into the grocery business with a more than 400-location retailer, the price slashing — and competition from…

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Sky and 21st Century Fox agree £18.5bn takeover deal

Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn. The deal comes amid concerns that Rupert Murdoch, who also owns the Sun and the Times newspapers, will have excessive influence over UK media. Karen Bradley, the Culture Secretary, will have 10 days to decide whether the Fox bid raises public…

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