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. Last Updated: 07/27/2016

EU Investigation

BRUSSELS, Belgium -- he European Commission opened a formal investigation Friday into the way Japanese home video games maker Nintendo and seven other companies distribute Nintendo products in Europe.

The EU's executive body said it had sent a so-called statement of objections to the companies warning them that their way of dividing up the market for Nintendo game consoles and video games appeared to break EU anti-monopoly rules by artificially keeping prices higher.

The Commission said it believed the companies participated in a "cartel-like" arrangement with the aim of partitioning the European single market.

The Commission named the seven companies as Linea GIG SpA, Itochu Corp, Concentra LDA, Bergsala AB, Nortec SA, CD-Contact Data GmbH and John Menzies PLC.