EU fines Microsoft record $1.3 billion

posted onFebruary 28, 2008
by hitbsecnews

The European Union fined Microsoft Corp. a record $1.3 billion on Wednesday for charging rivals too much for software information.

EU regulators said the company charged "unreasonable prices" until last October to software developers who wanted to make products compatible with the Windows desktop operating system.

Microsoft (MSFT, Fortune 500) immediately said that these fines were about past issues that have been resolved and the company was now working under new principles to make its products more open.

The fine is the largest ever for a single company and the first time the EU has penalized a business for failing to obey an antitrust order.

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