Thursday, December 19, 2024
HomeTechnologyMicrosoft facing wide-ranging antitrust probe by FTC

Microsoft facing wide-ranging antitrust probe by FTC


The Federal Trade Commission has opened a Comprehensive antitrust investigation into MicrosoftThat also includes its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.

FTC Chairwoman Lina Khan had approved the investigation before her possible departure in January following Donald Trump’s presidential election victory and was expected to appoint a fellow Republican with a softer approach to business.


CEO Satya Nadella’s Microsoft is facing a sweeping antitrust investigation, Bloomberg reports. AP

FTC Chairperson Leena Khan
The investigation was approved by FTC Chairwoman Lina Khan before her possible departure in January. CQ-Roll Call, Inc. via Getty Images

The agency is investigating allegations that the software giant is potentially abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from transferring their data from its Azure cloud service to other competing platforms. .

Microsoft declined to comment. The FTC did not immediately respond to a Reuters request for comment.

FTC antitrust lawyers are scheduled to meet with Microsoft competitors next week to gather more information about the technology company’s business practices. Bloomberg reported Earlier on Wednesday.

Microsoft shares were down more than 1% in after-hours trading.

Blog Credit

Source link

RELATED ARTICLES

Leave a Reply

Most Popular

Recent Comments

Зарегистрируйтесь, чтобы получить 100 USDT on Farmer Wants A Wife star Claire Saunders shares urgent warning after ‘shock’ health scare

Discover more from MovieBird

Subscribe now to keep reading and get access to the full archive.

Continue reading