Product & Innovation
Why did the Albertsons and Kroger merger get blocked?
Answered independently in 1 episodes. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01A federal district court judge in Oregon blocked the $24.6 billion Albertsons-Kroger merger on competition grounds, and Albertsons immediately abandoned the deal and sued Kroger. source →
02Albertsons and Kroger argued the merger was the only way to compete at scale against Walmart, Costco and Amazon; Ryan's litmus test is simply whichever outcome lowers grocery prices. source →
In their words
What was actually said
So a few different things looks like the big grocery store companies are sewing each other. Albertsons and Kroger, they were going to do a merger. And it sounds like according to this article from NBR on Tuesday, a federal district court judge in Oregon blocked the two 24.6 billion dollar deal.
The episodes