According to Bloomberg, Amazon appears to be able to resolve antitrust investigations initiated by European regulators.
The media quoted people familiar with the matter as saying that European Commission "is likely to accept Amazon's binding proposals by the end of this year." These proposals are said to include ending certain problematic practices, such as the use of independent sellers’ data. In addition, the settlement agreement should also include some terms, if requires Amazon to "tend equal treatment to rank all sellers to select winners in the competition."
In June this year, the e-commerce giant tried to appease the EU regulator, agreeing to share its market data with sellers and improve the way competitor products are displayed on its website.
However, in July, Amazon proposed another settlement agreement. The agreement involves Amazon has committed to stop collecting non-public data from merchants competing with, including information on terms of sales, revenue, shipments, inventory and performance. An Amazon spokesman declined to comment on a possible settlement but said the company will continue to interact with the European Commission to avoid breaches of regulatory regulations.
Amazon spokesperson said: "While we are seriously concerned about the unfairness of the Digital Markets Act against Amazon and several other U.S. companies and disagree with some conclusions made by the European Commission, we have engaged in constructive contact with the European Commission to address their concerns and maintain our ability to serve European customers and over 225,000 European SMEs sold through our stores."
Source: European Commission official website
It has been three years since Amazon was filed with an antitrust investigation by European regulators.
