Italian fine for Apple and Amazon off the table

Apple and Amazon do not have to no Italian fine of 173.3 million euros to pay for market manipulation. An Italian court has dismissed a fine imposed by the market authority AGCM.

The court finds that American companies have not been given enough time to defend themselves.

Apple and Amazon were fined last year for signing an agreement to sell Apple and Beats products at Amazon. Only Amazon itself and a limited number of sellers were allowed to offer the items through Amazon.

Amazon was fined €68.7 million, while Apple was fined €134.5 million. The joint fine amounted to 203 million euros, but was later reduced.


Source: Nieuws – Emerce by www.emerce.nl.

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