02/27: EU Hands Microsoft Record Fine: $1.35 Billion

Posted by Patrick
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From Reuters:

Microsoft (NasdaqGS:MSFT - News) was fined a record 899 million euros ($1.35 billion) by the European Commission on Wednesday for using high prices to discourage software competition in the latest sanction in their long-running battle.

The executive arm of the European Union said the U.S. software group defied a 2004 order from Brussels to provide the information on reasonable terms.


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