Italy: Antitrust bureaucrats demand $225 million bribe from Apple, Amazon

Source: ABC News

“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.” (11/23/21)