A large fine against Nintendo brought about by the EU for breaches of fair competition rules has been reduced by almost £30 million on appeal.

In 2002 Nintendo was fined £134 million by the European Commission for its part in illegally rigging the market to keep the prices of its consoles and software artificially high during the 1990s.

However, the latest ruling reduces the original fine by £24 million to £107 million, according to Channel 4 News.

Nintendo’s effective cooperation with the Commission was behind the decision to reduce the fine, which was one of the biggest handed out by the EU's fair competition authority.