Samsung, Philips among tech firms raided by EU

Workers put up a sign at the Philips Electronics booth before the Consumer Electronics Show (CES)...

Workers put up a sign at the Philips Electronics booth before the Consumer Electronics Show (CES) at the Las Vegas Convention Center in this January 3, 2008 file photo. (REUTERS/Las Vegas Sun/Steve Marcus/Files)

WENN

, Last Updated: 2:17 AM ET

Samsung and Philips have revealed they were among several consumer electronics companies raided by European Commission inspectors.

The raid, which took place on Thursday, focused on companies making and selling consumer electronics products and small domestic appliances.

The Commission stated it was concerned these firms had acted in restricting online availability of some products in a bid to drive up prices.

The alleged offense would be in breach of European competition rules.

A statement from the Commission reads, "The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anti-competitive agreements or concerted practices."

Both Samsung and Philips said they were co-operating with the authorities.


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