- Amazon.Com, Inc (NASDAQ:AMZN) lost its appeal of a move by European Union antitrust regulators to allow for parallel EU and Italian antitrust probes regarding partiality with some sellers on its platform.
- The EU Court of Justice, the bloc’s top tribunal, dismissed Amazon’s challenge in a final ruling that closes the path for any appeal, Bloomberg reports.
- Amazon opposed a European Commission decision to allow Italy to continue running its probe into the “buy box,” where it highlights sellers of a particular product after the EU’s antitrust arm started to examine the same issue.
- In 2022, Amazon settled the EU probe by offering remedies, including a pledge to address concerns about the way its Buy Box for showcasing specific offers, and Prime favored its own retail business, including a promise to display a second Buy Box immediately underneath the first one.
- Amazon and its Big Tech peers are battling global antitrust actions involving cloud computing, internet messaging, and smart devices.
- Price Action: AMZN shares traded lower by 0.49% at $103.79 on the last check Thursday.
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