'Sold by Amazon' program ends following state investigation | www.WDIO.com

'Sold by Amazon' program ends following state investigation

Amazon is shutting down its Amazon is shutting down its "Sold by Amazon" program. |  Photo: WDIO/MGN

The Associated Press
Created: January 26, 2022 04:44 PM

SEATTLE (AP) — Amazon will end its "Sold by Amazon" program after an investigation by Washington state's attorney general found it was anticompetitive and violated antitrust laws.

A lawsuit and a consent decree filed in King County Superior Court in Seattle Wednesday says the company engaged in unlawful price fixing and unreasonably restrained competition to maximize its profits.

The Seattle Times reports that Amazon will shut down the program nationwide, pay $2.25 million to the state attorney general's office and provide annual updates on its compliance with antitrust laws.

Through the program, third-party sellers entered into an agreement with Amazon that set a minimum payment rate for products.

Credits

The Associated Press

Copyright 2022 The Associated Press. All rights reserved.

Official: Girl told 911 'send the police now' as cops waited

Alleged threat in Duluth School

Residents prepare to evacuate near International Falls

Northland Walk for Food Allergy is coming up Saturday

Strong thunderstorms and heavy rain possible Memorial Day weekend

Minnesota COVID-19 Update Friday