Search
 
News

Amazon Seeks Antitrust Truce with EU

The U.S.-based tech giant offers concessions to address European governments’ concerns about its competitive practices.

By Stephanie Bodoni | July 18, 2022 at 08:51 AM
Photo: Amazon boxes

Amazon.com Inc. moved a step closer to settling two European Union (EU) antitrust probes into how the U.S.-based e-commerce giant uses rivals’ sales data and whether it unfairly favors its own products.

Amazon proposed remedies to appease EU concerns, and the European Commission said on Thursday that it’s asking rivals for their feedback on a proposed deal in two antitrust probes looking into Amazon’s use of nonpublic data from sellers on its marketplace and “a possible bias” in granting sellers access to its Buy Box and Prime programs.

The EU agreement would take some of the heat off Amazon as national watchdogs in Europe start to ramp up their antitrust scrutiny of the U.S. company. Germany’s Federal Cartel Office said this month that Amazon should be subject to tough new antitrust rules due to its market dominance. Britain’s competition regulator said it’s probing whether Amazon is abusing its dominance in its U.K. marketplace.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Inflation and Labor Are Cooling

Inflation and Labor Are Cooling

Augusta Saraiva |

Fed rate hikes are on hold for now, but some think inflation and the soft job market will lead to cuts in the near future.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.