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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. |