Valve, Steam PC gaming platform owner, faces a £656m lawsuit in the UK for alleged market abuse, excessive 30% commission, and price parity obligations.
Valve, the owner of Steam PC gaming platform, faces a £656m lawsuit in the UK. A collective action claim accuses Valve of abusing its dominant position in the gaming market by charging an "excessive commission of up to 30%" and shutting out competition. The claim alleges that Valve forced game publishers to sign price parity obligations preventing the sale of games at cheaper prices on rival platforms, resulting in UK consumers paying too much for games and add-on content.
June 12, 2024
10 Articles