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AMZN Amazon.com Inc

187.71
-1.05 (-0.56%)
After Hours
Last Updated: 21:44:59
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amazon.com Inc NASDAQ:AMZN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.05 -0.56% 187.71 187.70 187.73 188.43 186.385 187.36 25,783,522 21:44:59

Amazon Agrees to Modify Anti-Competitive Practices in Settlement with EU, New York Times Reports

15/12/2022 5:04pm

Dow Jones News


Amazon.com (NASDAQ:AMZN)
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-- Amazon.com has avoided billions of dollars of potential fines by agreeing to make some changes to its business practices in a settlement with European Union regulators, The New York Times reports, citing unnamed sources.

-- The settlement, set to be announced on Dec. 20, will require Amazon to give competitors equal access to valuable real estate on its website, according to The New York Times.

-- The ecommerce company will also be barred from using nonpublic information in relation to independent merchants, The New York Times reports, adding that the settlement will end two antitrust investigations in Europe.

 

Full article at https://cutt.ly/50bKUsB

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

December 15, 2022 11:49 ET (16:49 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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