EU Seeks Public Feedback on Amazon's Commitments Over E-Books Investigation
January 24 2017 - 6:20AM
Dow Jones News
By Natalia Drozdiak
BRUSSELS--The European Union's antitrust watchdog Tuesday said
it was seeking public feedback to commitments offered by Amazon.com
Inc. (AMZN) to settle an investigation into the whether the
e-commerce giant imposes illegal terms on publishers that harm
purchasers of electronic books.
The European Commission, the bloc's competition regulator, said
Amazon offered not to enforce or include in new contracts clauses
that require publishers to inform or offer Amazon similar terms as
those offered to rivals.
The EU opened a formal probe into Amazon's e-books business in
2015 over concerns that the clauses make it harder for other e-book
retailers to compete with Amazon.
If the EU formally adopts the Amazon commitments, they would
apply for five years to e-book agreements in Europe. Amazon could
be fined up to 10% of global revenue if it goes back on its
pledges.
Write to Natalia Drozdiak at natalia.drozdiak@wsj.com
(END) Dow Jones Newswires
January 24, 2017 06:05 ET (11:05 GMT)
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