Asus, Philips, and others fined for price fixing in Europe

The European Commission, fresh off of handing Google a record $5 billion antitrust fine, is keeping a busy summer schedule by announcing four more fines for tech companies today. Publicized in Brussels today, the penalties affect Asus, the Denon and Marantz partnership, Philips, and Pioneer. There's been no collusion between the four manufacturers, but the Commission has bundled the four decisions into one announcement because they all boil down to the same unlawful activity. Each of the offending parties has admitted to interfering with the pricing of online retailers so as to maintain artificially high prices for its products.

Asus has been found guilty of intervening to prevent online retailers in Germany and France from selling its...

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