EU to Start Formal Probe on Spotify's Apple Complaint, FT Says
- Investigation to start in the next few weeks, FT reports
- Complaint centers on Apple’s 30% cut for paid subsriptions
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The European Union will start a formal probe of Apple Inc. in the next few weeks following Spotify Technology SA’s antitrust complaint, the Financial Times reported.
The music streaming giant had complained to the EU’s antitrust agency earlier this year that Apple’s 30 percent cut of revenue was effectively a tax on competitors. The feud came as the iPhone maker moved into new business areas that compete with third-parties on its platform.