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EU regulators are set to deliver a financial blow to tech giant Apple, slapping it with a hefty fine for alleged violations of EU antitrust laws regarding access to its music streaming services.
EU found that Apple broke rules
(Bloomberg) -- Apple Inc. will face a European Union fine close to €500 million ($539 million) over the regulator’s investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms. Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Les
The penalty would be the first of its kind by Brussels against Apple and will be announced early next month, reports the Financial Times.
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