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Asus to pay 65m euro settlement for price manipulation

PC maker bets actress Gal Gadot can do wonders for notebook sales

Taiwan's Asus hopes to put the price manipulation case behind it by paying roughly 65 million euros to settle the matter.   © Reuters

TAIPEI -- Taiwan's Asustek Computer, known as Asus, on Friday said it reached an agreement with the European Union to pay about 65 million euros ($77.6 million) to settle allegations of price manipulation in its PC business in Europe.

"Although it is a high price to pay, this is the outcome we have to face and accept," Asus Chief Financial Officer Nick Wu said at the company's earnings briefing for the January-March quarter in Taipei. "Asus will train employees more carefully to abide by the law to prevent a similar case from happening again."

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