MILAN (Reuters) – Italy’s antitrust authority has fined U.S. tech giants Amazon.com and Apple Inc a complete of greater than 200 million euros ($225 million) for allegedly participating in anti-competitive cooperation within the sale of Apple and Beats merchandise.
The authority mentioned in an announcement on Tuesday “contractual provisions of an settlement entered into on Oct. 31, 2018 barred official and unofficial resellers of Apple and Beats merchandise from utilizing Amazon.it, permitting the sale of these merchandise in that market solely to Amazon and to chose events in a discriminatory method”.
The Italian competitors watchdog mentioned the transfer violated EU guidelines and imposed a high-quality of 68.7 million euros on Amazon and a high-quality of 134.5 million euros on Apple, ordering the businesses to place an finish to the restrictions.
Amazon and Apple couldn’t be instantly reached for a remark.
($1 = 0.8885 euros)
(Reporting by Gianluca Semeraro and Elvira Pollina; enhancing by Agnieszka Flak)