EU raids Philips, Samsung offices in price-fixing probe

|By:, SA News Editor

The E.C. has raided Philips (PHG +2.1%) and Samsung's (SSNLF, SSNGY) local offices, as well as those of electronics store chain Media-Saturn.

The Commission says it has raided several companies who are either making or selling consumer electronics and domestic appliances, in order to probe whether the firms had conspired to drive up prices by limiting the online sale of certain goods.

The E.C. is already probing Samsung's use of standards-essential mobile patents in its legal battles. Samsung made a settlement offer in October.