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‘Sold by Amazon’ program ends following state investigation

The logo of online retail giant Amazon is seen at its distribution center on Staten Island in New York.
Getty Images via CNN
The logo of online retail giant Amazon is seen at its distribution center on Staten Island in New York.

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.

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Associated Press

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