Amazon likely to settle European antitrust probe - Bloomberg
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Amazon (NASDAQ:AMZN) appears in position to settle antitrust probes launched by European regulators, according to Bloomberg.
Citing people familiar with the matter, the outlet reported that the European Commission is âlikely to accept Amazonâs binding proposals by the end of the year.â These proposals are said to include ending certain problematic practices, such as the use of data on independent sellers. The settlement should also include clauses that force Amazon âto apply equal treatment to all sellers when ranking their offers for the purposes of the selection of the winner,â according to Bloomberg.
The e-commerce giant had previously attempted to placate EU regulators in June by agreeing to share data from its marketplace with sellers and boosting how products of rivals are displayed on its site. Another offer to settle was forwarded by the tech giant in July.
An Amazon spokesman declined to comment on the potential settlement, but indicated the company continues to interact with the European Commission to avoid running afoul of regulations.
âWhile we have serious concerns about the Digital Markets Act unfairly targeting Amazon and a few other U.S. companies, and disagree with several conclusions the European Commission made, we have engaged constructively with the Commission to address their concerns and preserve our ability to serve European customers and the more than 225,000 European small and medium-sized businesses selling through our stores," a spokesman told SeekingAlpha. "No company cares more about small businesses or has done more to support them over the past two decades than Amazon.â
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