Amazon offers concessions as it looks to settle with European Commission
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In a move to appears regulators and avoid a large fine, Amazon (NASDAQ:AMZN) has offered to stop using sellers' data for its own competing retail business and boost the visibility of rival products on the platform, according to European regulators.
The European Commission is giving Amazon's (AMZN) rivals and customers until September 9 to give feedback on the proposal before ruling on if the offer is enough to end two investigations into the e-commerce giant.
Under the Amazon (AMZN) offer, sellers would be treated equally when ranking their offers for the buy box part of the website and be allowed to choose their own logistics and delivery services company to complete orders.
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