The EU will launch a formal antitrust investigation into Apple following a complaint from Spotify, reports the Financial Times.After considering the complaint and surveying customers, rivals and others in the market, the EU competition commission has decided to launch a formal antitrust investigation into Apple’s conduct, according to three people familiar with the probe.
Spotify filed its complaint in March alleging unfair business practices that disadvantage the company as it competes with Apple Music. Founder and CEO Daniel Ek said that paying Apple a 30% cut would raise the cost of its subscriptions to above Apple Music and not paying Apple results in a series of technical and experience-limiting restrictions.
Share Article:
Facebook, Twitter, LinkedIn, Google Plus, Email, Reddit, Digg, Delicious, StumbleUpon
Follow iClarified:
Facebook, Twitter, LinkedIn, Google Plus, Newsletter, App Store, YouTube
Post a Comment