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German watchdog ends Amazon probe after pricing concession


Germanys antitrust watchdog has dropped an investigation into Amazon after the worlds biggest Internet retailer agreed to stop forcing third-party merchants to offer their cheapest price when selling products on its platform. Amazon said in August it would stop its policy in the European Union that prevented merchants selling on its Marketplace from offering lower prices on other websites, including their own. Andreas Mundt, the president of the German cartel office, said it had decided to set aside the case against Amazon after the company agreed to cancel that demand from the terms and conditions of its contracts with merchants. Amazon is the largest online retailer and is in direct competition with Marketplace merchants, he said in a statement.

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MONDAY, JULY 23, 2018



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