Home Tech apple: Italian court lifts antitrust fine against Apple and Amazon

apple: Italian court lifts antitrust fine against Apple and Amazon

0

A document showed an Italian administrative court scrapped a fine imposed by the country’s antitrust authority on U.S. tech giants Apple and Amazon for alleged collusion.

The antitrust authorities fined both companies a total of more than 200 million euros ($195.3 million) in 2021, citing alleged anti-competitive cooperation in the sale of Apple and Beats products.

Read Also

Amazonamp39s offer to end EU antitrust probe is full of loopholes NGOs say
Amazon major publishers win dismissal of antitrust lawsuits over book pricing

Earlier this year, the fine was reduced to an overall of 173.3 million euros due to a “material error” in the first calculation.

Amazon said in a statement that it welcomed the court’s decision.

The antitrust authorities declined to comment, while Apple had no immediate comment.

FacebookTwitterLinkedin


Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here