Author Topic: EU Fines Microsoft Record $1.4bn  (Read 2581 times)

Offline Prince

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EU Fines Microsoft Record $1.4bn
« on: February 28, 2008, 08:51:14 AM »
The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour.
 
Microsoft must now pay a record 899m euros ($1.4bn; ?680.9m) after it failed to comply with a 2004 ruling that it abused its dominant market position.

The ruling said that Microsoft was guilty of not providing key code to rival software makers.

EU regulators said the firm was the first to break an EU anti-trust ruling.

The fines come on top of earlier fines of 280m euros imposed in July 2006, and of 497m euros in March 2004.

"Microsoft was the first company in 50 years of EU competition policy that the Commission has had to fine for failure to comply with an antitrust decision," Competition Commissioner Neelie Kroes said in a statement.

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« Last Edit: February 29, 2008, 05:07:12 PM by Prince »

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EU Fines Microsoft Record $1.4bn
« on: February 28, 2008, 08:51:14 AM »

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