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Samsung and Philips among tech firms raided by EU Samsung and Philips among tech firms raided by EU
(about 1 hour later)
Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors.Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors.
Thursday's raid focused on companies making and selling consumer electronics products and small domestic appliances.Thursday's raid focused on companies making and selling consumer electronics products and small domestic appliances.
The Commission said it was concerned these firms had colluded in restricting online availability of some products in a bid to drive up prices.The Commission said it was concerned these firms had colluded in restricting online availability of some products in a bid to drive up prices.
Media-Saturn, the European consumer electronics retailer, was also raided.
Both Samsung and Philips said they were co-operating with the authorities.Both Samsung and Philips said they were co-operating with the authorities.
The alleged offence would be in breach of European competition rules.The alleged offence would be in breach of European competition rules.
"The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anticompetitive agreements or concerted practices," it said in a statement."The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anticompetitive agreements or concerted practices," it said in a statement.
The Commission did not give details of the companies it had visited.The Commission did not give details of the companies it had visited.