11:12 AM EDT, 07/10/2024 (MT Newswires) -- Microsoft ( MSFT ) has secured a deal to settle an antitrust complaint by the Brussels-based cloud trade group CISPE over its cloud computing licensing practices, Reuters reported Wednesday.

Microsoft ( MSFT ) will develop a product allowing CISPE's members to run Microsoft ( MSFT ) software on their platforms on Microsoft's ( MSFT ) Azure cloud infrastructure with prices in-line with Microsoft ( MSFT ) prices, CISPE told Reuters.

Microsoft ( MSFT ) will also compensate CISPE members for lost revenue tied to their licensing costs over the last two years, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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