EU hits game distributor Valve, five others with 7.8 million euro fine
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By Foo Yun Chee
BRUSSELS (Reuters) - U.S. distributor Valve Corp, owner of the world's largest video game distribution platform Steam, and 5 video game publishers received a 7.8-million-euro ($9.45 million) EU antitrust fine on Wednesday for blocking cross-border sales in Europe.
The penalty followed a four-year investigation, as part of the European Commission's crackdown on cross-border curbs on online trade in the bloc.
Valve did not admit wrongdoing and was fined 1.66 million euros. Fines for the five video game publishers - Bandai Namco, Capcom, Focus Home, Koch Media, part of Embracer Group AB, and ZeniMax - were reduced by 10%-15% after they admitted wrongdoing.
The Commission, the EU executive, said the companies' practices prevented European consumers from shopping around in a European market worth more than 17 billion ...Read More on Datafloq
Jan. 20, 2021, noon