financetom
Business
financetom
/
Business
/
European Commission Preliminary Findings Show Microsoft's Bundling of Teams with Office Violated Bloc's Antitrust Rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European Commission Preliminary Findings Show Microsoft's Bundling of Teams with Office Violated Bloc's Antitrust Rules
Jun 25, 2024 3:49 AM

06:33 AM EDT, 06/25/2024 (MT Newswires) -- Microsoft ( MSFT ) was notified by the European Commission that the regulator's preliminary findings suggest that the company breached EU antitrust rules by bundling its communication and collaboration tool, Teams, with its Office 365 and Microsoft ( MSFT ) 365 suites, the regulator said Tuesday in a statement.

The regulator said Microsoft's ( MSFT ) tying of Teams with its core productivity applications restricts competition and added that it is concerned that Microsoft ( MSFT ) may have granted Teams a distribution advantage, which "may have been further "exacerbated by interoperability limitations between Teams' competitors and Microsoft's ( MSFT ) offerings."

The Commission said the changes Microsoft ( MSFT ) introduced to the way it distributes Teams are not sufficient to address its concerns and further changes are needed to restore competition.

The Commission said it could decide to prohibit the conduct and impose a fine of up to 10% of Microsoft's ( MSFT ) annual worldwide turnover.

Price: 446.27, Change: -1.40, Percent Change: -0.31

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved