Sony PlayStation is being sued for £5 billion in a class action in the UK over excessive pricing
Sony PlayStation is accused of abusing its dominant position by overcharging millions of gamers as well as developers and publishers for six years. It is alleged that Sony made people overpay for its products and services by charging 30% commission on each digital game and add-on content sold through Sony’s console or the PlayStation Store since August 2016. According to the legal action, damages per individual are estimated to vary between £67 and £562.
Tidal wave for digital markets in Asia and Oceania
LPG cartel in Brazil
Brazil’s Administrative Council for Economic Defense (CADE) has concluded its investigation regarding allegations of price fixing and market allocation between LPG distributors. The investigation into the cartel was initiated by state prosecutors back in 2009, and CADE launched its investigation in 2016 after obtaining information that was seized during dawn raids conducted by the police in 2010. It should be noted that while CADE fined three companies over EUR 122 million, six other companies had already reached a settlement with the authority after the investigation was launched. Furthermore, 11 individuals were sanctioned by the authority for their role in the cartel.
U.S. DoJ and Bundeskartellamt’s concerns abort $987 million MAERSK deal
Container giant China International Marine Containers has abandoned its plan to acquire Maersk Container Industry, a specialist in refrigerated box manufacturing, following the U.S. Department of Justice's Antitrust Division’s plan to sue to block the proposed acquisition. The DoJ, working together with Germany’s Bundeskartellamt, considers that the deal would have generated excessive market concentration, potentially leading to higher prices, lower quality and poorer innovation, as it would put 90% of the world's reefer container production in the hands of Chinese state-controlled enterprises.
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