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EU accepts Amazon commitments, ending antitrust investigations

The European Commission has made commitments offered by Amazon.com legally binding under European Union antitrust rules. "Amazon’s commitments address the Commission’s competition concerns over Amazon’s use of non-public marketplace seller data and over a possible bias in granting to sellers access to its Buy Box and its Prime programme," the agency said in a statement. The Commission found that Amazon’s final commitments "will ensure that Amazon does not use marketplace seller data for its own retail operations and that it grants non-discriminatory access to Buy Box and Prime." The Commission decided to make them legally binding on Amazon. The offered commitments cover all Amazon’s current and future marketplaces in the European Economic Area. If Amazon were to breach the commitments, the Commission could impose a fine of up to 10% of Amazon’s total annual turnover, without having to find an infringement of EU antitrust rules or a periodic penalty payment of 5% per day of Amazon’s daily turnover for every day of non-compliance. Reference Link

Published first on TheFly

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