An Amazon settlement with EU antitrust regulators is possible by the end of the year – sources


By Foo Yun Chee

BRUSSELS, November 25 (Reuters)The American online retail giant Amazon AMZN.O may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns about its use of seller data, two people familiar with the matter said on Friday.

The EU investigation regulation means the company will avoid a fine of up to 10% of its global turnover.

Facing accusations of using its size, power and data to push its own products to gain an unfair advantage over rival merchants who also use its platform, Amazon in July offered to refrain from use seller data for its own competitive retail business and private business. label products.

The European Commission then sought feedback from competitors and customers and later said the company needed to improve its dealership.

Amazon has increased the range of data it cannot use, one of the people said.

“It is possible that an EU decision will come by the end of the year,” the person said.

The EU competition authority declined to comment.

Asked to comment, Amazon reiterated that it had engaged constructively with the Commission to address their concerns.

The company’s other concession is the equal treatment of sellers when ranking their offers for the “buy box” on its website which generates the bulk of its sales.

He offered to set up a second buy box for a competing product if its price and delivery differ significantly from the product in the first box.

Bloomberg was the first to report the possibility of an EU decision by the end of the year.

(Reporting by Foo Yun Chee; editing by Philippa Fletcher)

((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


nasdaq

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button