Amazon reaches antitrust settlement with European Commission
The European Commission said Amazon.com AMZN, -3.35% has agreed to change marketplace policies, in an agreement that concludes two investigations into its practices. No fine was announced.
Amazon has agreed to refrain from using non-public seller data to the benefit of its retail operation, will apply non-discriminatory conditions and criteria for the selection of offers to appear in the Buy Box and apply non-discriminatory conditions and criteria for sellers to qualify for the Prime Program. Amazon's compliance with all the aspects of the package will be ensured by both a complaint mechanism and a monitoring trustee, the European Commission said.
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