Amazon offers concessions to end European Union antitrust probe

Amazon offers concessions to end European Union antitrust probe

BRUSSELS (Reuters) – Amazon has offered to refrain from using seller data for its own retail business and boost the visibility of rival products on its platform, regulators said on Thursday. the European Union, an approach aimed at avoiding a possible fine and closing an investigation for non-compliance with competition rules.

The world’s largest e-commerce platform has also offered to treat sellers equally when ranking their offers for its website’s ‘buy box’, which generates the bulk of its sales.

Sellers will also be allowed to choose their own logistics and delivery service company instead of Amazon’s logistics services.

The European Commission said competitors and customers have until September 9 to react to Amazon’s proposal before deciding whether to accept the offer and end its two investigations.

Amazon, which faces a fine of up to 10% of its global turnover if found guilty of breaching EU rules, said that while the company disagrees with several of the Commission’s findings, it has engaged constructively with the European competition watchdog.

In 2020, the European Commission accused Amazon of using its size, power and data to promote its own products and gain an unfair advantage over rival merchants selling on its online platform.

(Report Foo Yun Chee; French version Elena Vardon, editing by Kate Entringer)

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