monopoly_boardYesterday, the EU handed down the largest fine in history for conducting anti-competitive business practices.  The fine was handed to Intel in the amount of $1.45 Billion as a result of Intel’s sales of its microprocessing chips, which are used in (or tied to) most PC’s sold in the world.  The EU fine comes on the heels of announcements by the Obama Administration that it will crack down on monopolistic practices, but after mergers such as Pfizer/Wyeth and Ticketmaster/Live Nation (purportedly) may pass anti-trust scrutiny in the US, it looks as though the EU will remain the forum of choice for smaller competitors to attack larger corporations that consume large market shares.  More on the Intel fine at the WSJ here.

This entry was posted on Wednesday, May 13th, 2009 at 7:20 am.
Categories: Today in IP ~ by Ian McClure.

No Comments, Comment or Ping

Reply to “EU Becomes Jurisdiction of Choice for Attacking Monopolistic Practices”