Italian court scraps antitrust fine on Apple and Amazon

ROME, Oct 3 (Reuters) - An Italian administrative court scrapped a fine imposed by the country's antitrust authority on U.S. tech giants Apple (AAPL.O) and Amazon (AMZN.O) for alleged collusion, a document showed on Monday.

The antitrust authority had fined both companies a total of more than 200 million euros ($195.3 million) in 2021, citing alleged anti-competitive cooperation in the sale of Apple and Beats products. read more

Earlier this year, the fine was reduced to an overall 173.3 million euros due to a "material error" in the first calculation. read more

Amazon said in a statement it welcomed the court's decision.

The antitrust authority declined to comment, while Apple had no immediate comment.

(This story refiles to remove superfluous word, no changes to text)

($1 = 1.0242 euros)

Reporting by Marco Carta and Elvira Pollina, writing by Federico Maccioni; editing by Agnieszka Flak

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