EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017.
Emmanuel Dunand | AFP | Getty Images
EU antitrust regulators will investigate Amazon, the world’s largest online retailer, to see if its use of other merchants’ data breaches competition rules, the European Commission said on Wednesday.
Competition Commissioner Margrethe Vestager said the EU opened a formal investigation to determine how Amazon uses data from independent retailers who sell on the company’s marketplace. The investigation centers on Amazon’s “dual role” as both a retailer and a marketplace, Vestager said.
“Based on the Commission’s preliminary fact-finding, Amazon appears to use competitively sensitive information – about marketplace sellers, their products and transactions on the marketplace,” Vestager said.
In a statement, Amazon said: “We will cooperate fully with the European Commission and continue working hard to support businesses of all sizes and help them grow.”
This is a breaking news story, please check back later for more.