Amazon settlement with EU antitrust regulators possible by year end, sources say

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Settling the EU investigations means Amazon will avoid a fine of as much as 10% of its global turnover

may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns over its use of sellers’ data, two people familiar with the matter said on Friday.

Faced with charges of using its size, power and data to push its own products to gain an unfair advantage over rival merchants that also use its platform, Amazon in July offered to refrain from using sellers’ data for its own competing retail business and its private label products.

 

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