Spain hits Apple, Amazon with 194-mn-euro antitrust fine
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Spain's competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.The two firms had agreed to limit the sale of Apple products on Amazon's Spanish websites by third-party resellers "which restricted competition," the regulator said in a statement. Contractual provisions of a 2018 agreement between the companies meant only selected resellers picked by Apple were allowed to sell Apple products on Amazon.es, it added. "Over 90 percent of resellers who used Amazon's website in Spain to sell Apple products were excluded from Spain's main online market," the statement said.The move "drastically" reduced competition between resellers of Apple products on Amazon's Spanish pl...