Amazon proposes concessions to settle EU charges

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Amazon.com Inc. AMZN, +1.08% has proposed on Thursday certain concessions as the ecommerce giant looks to settle antitrust cases against it in the European Union, according to a report in The Wall Street Journal. Amazon’s stock fell 0.9% in premarket trading. As part of the concessions, Amazon said it will not use nonpublic data about sellers on its marketplace that would help it compete with third-party sellers, and will allow Prime sellers to choose any delivery services, the WSJ reported. The report said Amazon wouldn’t pay a fine if its concessions are accepted. Amazon’s stock has dropped 27.2% over the past three months through Wednesday, while the S&P 500 SPX, -0.45% has lost 13.5%.

This article was originally published by Marketwatch.com. Read the original article here.

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