Printed from http://www.electronista.com

EU regulators raid Samsung, Philips over alleged price manipulation

updated 08:56 am EST, Fri December 6, 2013

Companies accused of limiting online sales

European Commission agents have reportedly raided corporate offices of Samsung, Philips and retail giant Media-Saturn, as part of an investigation over improper price manipulation, according to a Reuters report. Regulators believe the companies may have colluded to limit online distribution in an attempt to artificially inflate prices.

Both Samsung and Philips have been implicated in other European Union schemes, allegedly participating in a price-fixing cartel with five other display manufacturers between 1996 and 2006. The EC handed down a $1.92 billion fine for the anticompetitive practices.

The European Commission has yet to fully detail its latest investigation, though the companies are said to face potential fines of up to 10 percent of global revenue for violating EU antitrust regulations.

The companies named in the investigation have yet to publicly comment on the matter.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News