Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 06, 2020

Broadcom Appeals Rare EU Ultimatum to Stop Sales Tactics

(Bloomberg) --

Broadcom Inc. appealed a European Union order forcing the company to drop allegedly unfair clauses that may compel set-top box makers to use its chips.

The appeal opens a court fight over the validity of a rarely used regulatory tool meant to prevent victims from suffering while probes drag on for years.

EU Antitrust Commissioner Margrethe Vestager in October ordered Broadcom to end “anti-competitive provisions” in contracts within 30 days while her agency continues a probe into allegations that the U.S. supplier forces six of its main customers to buy its chipsets. Broadcom said at the time that it would appeal the decision.

The appeal was filed Dec. 23, according to the EU General Court's website. Broadcom didn't immediately respond to an email seeking comment.

The EU hasn't used interim measures in nearly two decades. The order in the Broadcom case came after criticism that EU probes into Google and Intel Corp. took so long that that the market had fundamentally changed by the time fines were levied.

To contact the reporters on this story: Stephanie Bodoni in Paris at sbodoni@bloomberg.net;Aoife White in Brussels at awhite62@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search