Some front line companies such as Samsung and Philips along with the biggest electronics retailer in Europe, Media Saturn, had to deal with unannounced guests from the European Commission. Neither of the companies divulged any details of the raid, though they did confirm their premises were subjected to scrutiny on suspicions of an unfair collusion to limit the sale of devices to jack up prices. The companies will be liable to pay 10 percent of their global earnings if found guilty by the EU Anti-trust Regulator. No charges were pressed though and it’s not known either if any incriminating evidence were found against any of the parties involved. The raid comes at a time when retailers are having a hard time keeping themselves relevant against online operators such as Amazon, Otto, Staples and the likes. The three companies have, however, pledged all support towards completion of the investigation.
Sovan Mandal is the senior tablet and tech corespondent for goodereader.com. He brings a international approach to news that is not just applicable to the North American market, but also Asia, India, Europe and others. Sovy brings his own writing flavor to the website and is interested in Science Fiction, Technology and Writing. Any questions, send an email