Italian competition watchdog fines Apple, Amazon $225M
ABC News
Italy’s antitrust watchdog has fined Apple and Amazon more than 200 million euros, or $225 million, for cooperating to restrict competition in the sale of Apple and Beats branded products
ROME -- Italy's antitrust watchdog has fined Apple and Amazon more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules.
An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to Italy's Amazon marketplace to selected resellers, the Italian Competition Authority said Tuesday.
The watchdog slapped Apple with a 134.5 million euro ($151.32 million) fine and Amazon with a 68.7 million euro ($77.29 million) penalty. It also ordered them to end the restrictions and give resellers access in a “non-discriminatory manner.”
Both Apple and Amazon said they would appeal.
