Amazon.com Inc. moved a step closer to settling two European Union (EU) antitrust probes into how the U.S.-based e-commerce giant uses rivals' sales data and whether it unfairly favors its own products.
Amazon proposed remedies to appease EU concerns, and the European Commission said on Thursday that it's asking rivals for their feedback on a proposed deal in two antitrust probes looking into Amazon's use of nonpublic data from sellers on its marketplace and "a possible bias" in granting sellers access to its Buy Box and Prime programs.
The EU agreement would take some of the heat off Amazon as national watchdogs in Europe start to ramp up their antitrust scrutiny of the U.S. company. Germany's Federal Cartel Office said this month that Amazon should be subject to tough new antitrust rules due to its market dominance. Britain's competition regulator said it's probing whether Amazon is abusing its dominance in its U.K. marketplace.
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