Amazon offers concessions to end EU
antitrust investigation
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[July 14, 2022]
By Foo Yun Chee
BRUSSELS (Reuters) -Amazon has offered to
refrain from using sellers' data for its own competing retail business
and boost the visibility of rival products on its platform, EU
regulators said on Thursday, a move aimed at staving off a possible
hefty fine. |
![](../images/071422PIX/busine37.jpg)
The logo of Amazon is seen at the company logistics centre in Boves,
France, August 8, 2018. REUTERS/Pascal Rossignol |
The
U.S. online retail giant offered to treat sellers equally when
ranking their offers for the "buy box" on its website and which
generates the bulk of its sales, confirming a Reuters story.
Sellers will also be allowed to choose their own logistics and
delivery services company instead of Amazon's competing
logistics services.
The European Commission said rivals and customers had until
Sept. 9 to provide feedback to Amazon's proposal before it
decides whether to accept the offer and end its two
investigations.
Amazon, which risks a fine up to 10% of its global turnover if
found guilty of breaching EU rules, said while it disagrees with
several of the Commission's conclusions it has engaged
constructively with the EU competition watchdog.
The Commission in 2020 charged Amazon with using its size, power
and data to push its own products and gain an unfair advantage
over rival merchants that sell on its online platform.
(Reporting by Foo Yun CheeEditing by Mark Potter)
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