informa
1 MIN READ
News

Nintendo Facing Antitrust Fines From European Union

Nintendo is reportedly about to be hit with hefty fines from European regulators, stemming from antitrust violations that go back as far as 1995.
According to Reuters, the company and seven of its sales distributors were accused in 2000 of impeding the flow of its products across European country borders, which had the effect of raising the wholesale prices of those products. The EU is expected to address the matter next week, but the amount of the fine is yet unknown. Nintendo says that it has set aside funds to pay such a fine. Nintendo's stock price has taken a hit this month, falling almost 20% since it lowered its forecast for Gamecube shipments in the coming year.

CONNECT WITH US

Explore the
Advertise with
Follow us

Game Developer Job Board

Game Developer

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Advertise with

Game Developer

Engage game professionals and drive sales using an array of Game Developer media solutions to meet your objectives.

Learn More
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more