BRUSSELS, Dec 20 Reuters Amazon on Tuesday reached a settlement with the European Union in three antitrust probes after the U.S. online retailer addressed the EU39;s concerns over its use of sellers39; data, saving it from a fine of up to 10 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 sellers39; data for its own competing retail business and its private label products.
The second case was about the equal treatment of sellers when ranking their offers for the buy box on its website that generates the bulk of its sales.
Amazon has agreed to set up a second prominently displayed buy box for a rival product if it differs substantially in price and delivery from the product in the first box.
In the third case, Amazon agreed that sellers under Amazon39;s Prime feature can choose their own logistics and delivery services, other than those approved and chosen by Amazon.
The Commission has decided to accept commitments offered by Amazon. These commitments address our preliminary competition concerns about Amazon practices on its ecommerce marketplace, EU Competition Commissioner Margrethe Vestager told a news conference.
Amazon said it was pleased that it had addressed the European Commissions concerns.
While we continue to disagree with several of the preliminary conclusions the…