Wednesday 16 April 2014

Microsoft fined €561m by EU regulators for settlement terms violation

Microsoft has joined the list of prominent technology companies confirming they have been hit by a recent computer hacking attack

Microsoft was fined €561m by European Union regulators for violating the terms of a settlement to give users a choice of web browsers aside from its Internet Explorer.

Today’s fine -- about 1pc of the company’s 2012 revenues -- brings to €2.24bn the penalties faced by Microsoft in its EU antitrust clashes over the past decade, including an €899m fine for failing to obey an order to share data with competitors.

“A failure to comply is a very serious infringement that must be sanctioned accordingly,” EU Competition Commissioner Joaquin Almunia said in an e-mailed statement.

The software company was fiend for breaking a promise to offer consumers using its Windows system a choice of rival Internet browsers.

EU rules mean the company could have been penalised $7.4bn or 10pc of its fiscal 2012 revenues although regulators are not expected to levy such a high fine.

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