Background On 20 January 2021, the European Commission ("Commission") announced its decision that Valve Corporation ("Valve"), the owner of the "Steam" video game distribution platform, and five PC video game publishers had partitioned the internal market by entering into bilateral agreements or concerted practices to use geo-blocked activation keys to prevent the activation of PC video games outside certain EU member states ("the Decision"). The Commission fined Valve a total of EUR 1,624,000 (with total fines including those of the publishers amounting to EUR 7.8 million). Valve appealed the Decision on 31 March 2021. It was not until very recently, however, that the Commission published the Decision. Summary of the Decision Between September 2010 and October 2015, Valve entered
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