AAPL Stock: 118.03 ( -0.85 )

Printed from

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 MacNN Staff



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented