Amazon prepares to reach settlement with European antitrust investigation

Thanks to CTOnews.com netizens for their witty meow clue delivery! CTOnews.com, Nov. 26 (Xinhua) according to Bloomberg, Amazon is likely to resolve an antitrust investigation initiated by European regulators by the end of the year. The European Commission is "likely to accept Amazon's binding proposal by the end of the year", according to people familiar with the matter.

It was reported that these recommendations included the termination of certain problematic practices such as the use of data from independent sellers. In addition, the settlement should include provisions such as requiring Amazon to "treat all sellers equally when ranking all sellers in order to select the winner of the competition".

Indeed, Amazon tried to reassure EU regulators in June that they agreed to share its market data with sellers and improve the way competitors' products are displayed on its website, and proposed another settlement in July.

An Amazon spokesman declined to comment on a possible settlement but said the company would continue to interact with the European Commission to avoid violating regulations.

A settlement would greatly ease the regulatory pressure on Amazon, although the company is still under scrutiny by the German Federal Cartel Office (Federal Cartel Office) and the UK competition regulator.

The company's settlement also promised that "all sellers will be ranked on an equal footing". CTOnews.com learned that Amazon will highlight the sellers of a particular product in its special ad space, "buy box."

Spokesmen for the European Commission and Amazon declined to comment. Amazon has previously said that while it disagrees with some of the EU's conclusions, it has "engaged constructively with the European Commission to address their concerns and maintain our ability to serve European customers."