Intel succesfully appeals €1.06 billion ($1.27b dollar) antitrust fine at European Court of Justice

ECJ Press Release - The Court of Justice sets aside the judgment of the General Court which had upheld the fine of €1.06 billion imposed on Intel by the Commission for abuse of a dominant position.

Background:

"According to the Commission, Intel abused its dominant position on the worldwide market for x86 CPUs from October 2002 to December 2007, by implementing a strategy aimed at foreclosing a competitor, Advanced Micro Devices Inc. (AMD), from the market."

Minor footnote:

"The Court refers the case back to the General Court so that it may examine, in the light of the arguments put forward by Intel, whether the rebates at issue are capable of restricting competition."

Cliffhanger for another 8 years of antitrust proceedings.

Submitted September 06, 2017 at 06:02AM by Indefinitely_not http://ift.tt/2gFFp2z