Amazon agreed to make a grand changes she has business practices to settle antitrust investigations that found The e-commerce giant has given itself an unfair advantage over rival traders, EU regulators said on Tuesday.
Amazon’s promise give Products from competing sellers have equal visibility in the “buy boxan excellent piece of real Property on it’s a website this leads to higher Sales, said the EU Executive Committee.
company also He vowed to stop using “non-public Data’ from independent vendors on Its platform to provide insights about its own products compete against These merchants. Amazon also I agreed not to discriminate against sellers in its boss membership service and allow Prime members to freely choose any delivery service.
the agreement allows Amazon avoid legal battle with The EU’s largest antitrust watchdog could have been finished with huge fines, worth up to 10% of Its annual revenue is worldwide.
“We are pleased to have addressed the European Commission’s concerns and resolved these issues,” Amazon said. in Prepared statement.
Agreement, which applies only to Amazon business practices in Europe, following the franchises provided by the company in july to resolve Two EU antitrust investigations. under the agreement announced Tuesday, Amazon made Improvements to those initial suggestions.
