Sources: Amazon will share more data with rivals and offer buyers a wider choice of products to assuage EU antitrust regulators, ending two high-profile probes
Agreement set to give more information to online platform's third-party sellers and close two probes
Financial Times Javier Espinoza
Related Coverage
- Amazon faces UK investigation over anti-competitive concerns Tech Xplore
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- Amazon faces UK probe over suspected anti-competitive practices Reuters · Yadarisa Shabong
- Amazon investigated by UK antitrust watchdog over its marketplace practices CNBC · Arjun Kharpal
- UK competition watchdog opens investigation into Amazon's market position City A.M. · Leah Montebello
- CMA investigates Amazon over suspected anti-competitive practices GOV.UK
Discussion
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@javierespft
Javier Espinoza
on x
The EU's deal with Amazon will bring an end to two of the most high-profile tech antitrust cases just months before new laws designed to rein in the market power of Big Tech are set to kick in.
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@javierespft
Javier Espinoza
on x
Details of the deal are being shared with Amazon's rivals to make sure that they would remove competition concerns before the EU can announce an agreement. Regulators are set to announce the so-called market test next week before a deal is formally agreed after the summer.
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@javierespft
Javier Espinoza
on x
It's a win-win. A deal means Amazon will avoid formal charges of breaking EU law and hefty fines of up to 10 per cent of global revenues. Brussels will avert a lengthy legal battle before the EU courts and ensure compliance before tougher digital rules come into force next year.
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@valentinapop
Valentina Pop
on x
It's not all fines and court cases: Amazon agrees to settle EU antitrust case and share more data with rivals @JavierespFT https://enterprise-sharing.ft.com/ ...
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@javierespft
Javier Espinoza
on x
FT: Amazon to share more data with rivals after EU antitrust deal || Agreement set to give more information to online platform's third-party sellers and close two probes. Story here: https://www.ft.com/...
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@jcbcp
Jacob Parry
on x
🇬🇧 @CMAgovUK has opened a formal investigation into Amazon's UK Marketplace as it will look at how it uses seller data, the ‘Buy Box’ criteria and Prime eligibility. Investigation parallels the @EU_Commission's ongoing cases. https://www.gov.uk/...
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@kartellamt
@kartellamt
on x
#Amazon now subject to extended abuse control - #Bundeskartellamt determines its paramount significance for competition across markets (Section 19a GWB) #Sec19a #DigitalEconomy PR➡️ https://www.bundeskartellamt.de/ ... Case Summary➡️ https://www.bundeskartellamt.de/ ... https://t…
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@jcbcp
Jacob Parry
on x
Another big Amazon announcement from 🇩🇪@Kartellamt, which has found that it is subject to its new digital dominance regime. The agency already has open cases into its pricing algorithm and its agreements with Apple. https://twitter.com/...
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@cmagovuk
@cmagovuk
on x
We're investigating Amazon over concerns that practices affecting sellers on its UK Marketplace may be anti-competitive. This is the beginning of our work, which will allow us to establish whether or not the law has been broken: https://www.gov.uk/...