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Nintendo Slapped with Massive Fine

Company violated antitrust laws, says European Commission.

By IGN Staff
Updated: Jun 17, 2012 3:47 am
Posted: Oct 30, 2002 5:00 pm
The European Commission today slapped Nintendo with a fine of 149 million euros (or $146 million US) for allegedly violating antitrust laws in the 1990s. The Commission said Nintendo conspired with seven European distributors to keep prices on hardware and software higher by illegally limiting cross-boarder sales.

The Commission called Nintendo the "driving force behind the illicit behavior."

A Nintendo spokesperson said that the company did not disagree with the ruling, but that it plans to appeal it all the same due to the extraordinarily large sum of the fine and the fact that the Commission's case is based on information voluntarily supplied by Nintendo.

"Every year, millions of European families spend large amounts of money on video games. They have the right to buy the games and consoles at the lowest price the market can possibly offer," said EU competition commissioner Mario Monti. "We will not tolerate collusive behavior intended to keep prices artificially high."

Reports abound suggested that Nintendo was expecting a significantly smaller fine -- somewhere in the range of 50 million euros, in which case it might not have appealed the judgment.

Nintendo denied the claims.

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