Amazon, Apple Fined €200M By Italian Antitrust Watchdog

By Najiyya Budaly (November 23, 2021, 11:35 AM GMT) -- Italy's antitrust authority said on Tuesday that it has fined technology heavyweights Amazon and Apple a combined €200 million ($225 million) for an anti-competitive agreement that prevented the sale of Apple and Beats products.

The Italian authority has handed a penalty of €135 million ($152 million) to Apple and fined Amazon a total of €68.7 million for setting up an anti-competitive agreement. (AP Photo/Kathy Willens) The Autorità Garante della Concorrenza e del Mercato said an investigation, which concluded on Nov. 16, had found that Apple Inc. and Amazon.com Inc. set up a restrictive agreement that prevented some legitimate resellers of genuine...

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