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7/6, 11:36 AM (Source: TeleTrader)
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UK starts antitrust probe into Amazon's practices

The United Kingdom's Competition and Markets Authority (CMA) revealed on Wednesday that it launched an investigation into the suspected anti-competitive practices of Amazon.com Inc. The announcement follows a report that the company is reaching a deal on a similar probe in the European Union.

The CMA stated its investigation will "consider whether Amazon has a dominant position in the UK and whether it is abusing that position and distorting competition by giving an unfair advantage to its own retail business or sellers that use its services, compared to other third-party sellers on the Amazon UK Marketplace."

Baha Breaking News (BBN) / DJ