Nintendo EU Price Fixing Fine is Reduced
Posted by Damien McFerran
They still have £107,000,000 left to pay, however
Back in 2002 it was revealed that during the 1990s Nintendo's European operation had been colluding with retailers to keep the price of its software and hardware artificially high.
Such naughty-type action was brought to the attention of the European Commission and Nintendo was promptly slapped with a whopping £134,000,000 ($199,000,000) fine.
However, that figure has now been reduced to the tune of £27,000,000 because Nintendo co-operated with the investigation. One of the main retailers involved in the scandal - the now-defunct John Menzies chain - was given a similar reduction back when the case was originally brought to court.
The fine remains the biggest ever dished out by the EU's fair competition authority.