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An Italian administrative court scrapped a fine imposed by the country’s antitrust authority on U.S. tech giants Apple AAPL-Q and Amazon AMZN-Q for alleged collusion, a document showed on Monday.

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

Earlier this year, the fine was reduced to an overall €173.3-million due to a “material error” in the first calculation.

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

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

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 19/04/24 4:00pm EDT.

SymbolName% changeLast
AAPL-Q
Apple Inc
-1.22%165
AMZN-Q
Amazon.com Inc
-2.56%174.63

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