Italian antitrust watchdog fines Apple, Amazon more than $225M | Technology News

 Italian antitrust watchdog fines Apple, Amazon more than $225M | Technology News

The watchdog has ordered Amazon and Apple to end restrictions on sales competition and give resellers access in a ‘non-discriminatory manner’.

Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225m) 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 United States 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 ($151.32m) fine and Amazon with a 68.7 million euro ($77.29m) 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.

“The proposed fine is disproportionate and unjustified,” Amazon said….

Read full article…www.aljazeera.com