MILAN, Jan 12 (Reuters) - Italy's antitrust authority said on Monday it had reduced a record fine imposed on U.S e-commerce giant Amazon to 752.4 million euros ($878.20 million) from an original
Italy antitrust cuts Amazon record fine to $878.2 million
Overview of the Fine Reduction
MILAN, Jan 12 (Reuters) - Italy's antitrust authority said on Monday it had reduced a record fine imposed on U.S e-commerce giant Amazon to 752.4 million euros ($878.20 million) from an original amount of 1.128 billion euros.
Background of the Case
The authority, which fined Amazon in 2021 for abusing its dominant position in logistics services, recalculated the penalty following a regional administrative court ruling last September.
Impact of the Court Ruling
($1 = 0.8568 euros)
(Reporting by Elvira Pollina, editing by Cristina Carlevaro)


