EU fines Asus, Denon & Marantz, Philips and Pioneer $130M for online price fixing
The European Union’s antitrust authorities have issued a series of penalties, fining consumer electronics companies Asus, Denon & Marantz, Philips and Pioneer more than €110 million (~$130M) in four separate decisions for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules.
Asus has been hit with the largest fine (€63.5M), followed by Philips (€29.8M). The other two fines were €10.1M for Pioneer, and €7.7M for Denon & Marantz.
European Commission – PRESS RELEASES – Press release – Antitrust: Commission fines four consumer electronics manufacturers for fixing online resale prices
http://europa.eu/rapid/press-release_IP-18-4601_en.htm