Tech

Goldman Sachs was 'freaked out' by a rumor that Trump would personally kill the Amazon/Whole Foods deal because of Jeff Bezos

Posted On: Feb 14, 2018   |   Posted By: Business Insider

Goldman Sachs was 'freaked out' by a rumor that Trump would personally kill the Amazon/Whole Foods deal because of Jeff Bezos

Goldman Sachs' Gregg Lemkau says that there was a rumor that President Trump might try to personally intervene to block Amazon's $13.7 billion purchase of Whole Foods.
The move would have been motivated by animosity between Trump and Amazon CEO Jeff Bezos, said Lemkau.
Goldman Sachs' Gregg Lemkau said that the firm was worried by a rumor that President Trump would personally intervene to block Amazon's $13.7 billion purchase of Whole Foods, right before the deal closed - in a move that could have been driven by animosity for Amazon CEO Jeff Bezos, he said.
"For four days we were freaked out," Lemkau said, speaking on stage at the Goldman Sachs Tech and Internet Conference in San Francisco on Tuesday. Lemkau serves as co-head of investment banking at Goldman Sachs, which assisted Amazon with its purchase of the grocery chain last summer .
Lemkau said that President Trump's well-publcized spats with Bezos made people think that the deal might not get federal approval. The rumor was that Trump would try to use...

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