Italian court scraps antitrust fine on Apple and Amazon
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AN Italian administrative court scrapped a fine imposed by the country’s antitrust authority on US tech giants Apple and Amazon for alleged collusion, a document showed on Monday (Oct 3).
The antitrust authority had fined both companies a total of more than 200 million euros (S$280.2 million) in 2021, citing alleged anti-competitive cooperation in the sale of Apple and Beats products.
Earlier this year, the fine was reduced to an overall 173.3 million euros due to a “material error” in the first calculation.
Amazon said in a statement it welcomed the court’s decision.
The antitrust authority declined to comment, while Apple had no immediate comment. REUTERS
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