EU raids Philips, Samsung offices in price-fixing probe

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.

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Comments (2)
  • DUP
    , contributor
    Comments (308) | Send Message
    Wasn't the head guy at Samsung convicted of something, but just allowed to keep working? cus he was "special". How is that legit competition?
    6 Dec 2013, 09:18 PM Reply Like
  • DUP
    , contributor
    Comments (308) | Send Message
    Lots of companys limit sales, through "authorized" dealers etc. I bought a Philips Saeco Xelsis on line, several places had it, I bought it on the site with the best deal! Sounds like no restriction there, same with a bunch of Sonicare stuff, and PHILIPS 55" LCD/LED tv, found best deal, bought it. Razor/shaver same thing, several sites had em, went with best deal, and they are Authorized dealers, nobody wants to buy from un authorized, then warranty could be void!
    6 Dec 2013, 09:21 PM Reply Like
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