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Amazon tries to solve EU antitrust investigations: Sources



(Reuters) – Amazon is trying to solve two antitrust investigations in the EU to avert potential hefty fines and orders to change its business practices, said people familiar with the matter.

The European Commission last November accused the world's largest online retailer of uses its size, power and data to power its own products and gain an unfair advantage over competing merchants selling on its online platform.

It also launched an investigation into Amazon's possible preferential treatment of its own retail offerings and those of marketplace sellers using its logistics and delivery services.

Amazon is engaged in preliminary discussions with EU competitors and has offered concessions to address their problems, the people said.

Settlement talks can take months to complete. , without guarantee that both sides will reach an agreement.

Amazon can, however, find a receptive hearing from EU antitrust director Margrethe Vestager c compared to the Alphabet unit Google, which tried but failed to settle with her. [1

9659003] Ms. Vestager, who has taken a hard line with Apple and Facebook as well, has referred to Amazon's 2017 willingness to offer concessions to resolve an investigation into its distribution agreement with e-book publishers in Europe, which she then accepted.

An offer to make

The Commission, which can fine companies with up to 10% of its global turnover, declined to comment. Based on last year's revenue, it could amount to about $ 38.6 billion for Amazon.

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