“Philips, Samsung Electronics and Media-Saturn, Europe’s largest chain of consumer electronics stores, said on Friday they were among companies visited by European Commission officers this week on suspicion of breaking competition rules,” Sara Webb, Foo Yun Chee and Victoria Bryan report for Reuters.
“The Commission said on Thursday its officers had raided several companies involved in making and selling consumer electronics and small domestic appliances, concerned that the firms had worked together to limit the sale of some goods online to drive up their prices,” Webb, Chee and Bryan report. “The EU antitrust regulator can fine companies up to 10 percent of their global revenue for breaking EU rules.”
Read more in the full article here.
“‘The Commission has grounds to suspect that the companies subject to the inspections may have put in place restrictions on online sales of consumer electronic products and small domestic appliances,’ the Commission said in a news release,” Loek Essers reports for IDG News Service. “The companies concerned may have violated E.U. antitrust rules that prohibit anticompetitive agreements, it added.”
Read more in the full article here.
Nuke the buggers from orbit.
=:~)
Criminals need raiding…
Who would have thought that Samdung would have ever done something like that? /s
And in other news, the EU antitrust regulators DIDN’T RAID APPLE OFFICES.
I hope Apple doesn’t get caught up in some overzealous regulators sight.
That only happens in Apple’s home country.
Sad, but true. 5 stars and a frown.
🙁
Don’t worry, CitizenX, at least I got your comment and the humor/sarcasm behind it.
Maybe while in Samsung’s offices they could return some of the pirated Apple IT that Samsung has ripped off.
Looks like Christmas came early this year ! yippee!
SamDung got raided, really, why is that? Hehehehehehehehehehe!
You can fool all the people some of the time and you can fool some of the people all the time but you can’t fool all the people all the time …..
Rot in he-double-hockey-sticks, ScumBag!