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German antitrust watchdog launches new proceedings against Amazon

German antitrust watchdog launches new proceedings against Amazon
German antitrust watchdog launches new proceedings against Amazon   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters

BERLIN (Reuters) – Germany’s antitrust watchdog said on Tuesday it has launched a new investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance.

“In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for competition,” the Federal Cartel Office said in a statement.

Should it find that such a marketing position exists, new rules for digital companies would allow it to prohibit any anti-competitive behaviour at an earlier stage, the watchdog said.

(Reporting by Kirsti Knolle; Editing by Caroline Copley)