Amazon reaches settlement in three EU antitrust cases, avoids fine

Amazon reached a settlement with the European Union in three antitrust probes after the US online retailer addressed the EU’s concerns over its use of sellers’ data, saving it from a fine of up to 10 percent of its global turnover.

In the first case, Amazon faced charges of using its size, power and data to push its own products to gain an unfair advantage over rival merchants that also use its platform.

The company has agreed not to use sellers’ data for its own competing retail business and its private label products.