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Microsoft stuck with $1 billion fine in European antitrust case
Source: CNNMoney
Microsoft stuck with 1 billion fine in European antitrust case
By Julianne Pepitone @CNNMoneyTech June 27, 2012: 12:52 PM ET
NEW YORK (CNNMoney) -- Microsoft is stuck paying a $1 billion fine for an antitrust ruling handed down in 2008, after a European court on Wednesday rejected the company's long-running appeal.
Microsoft was charged in 2004 with refusing to make "certain interoperability information" available to competitors between 1998 and 2004. That kept rivals' products from working with Windows' server software.
A series of rulings from the European Commission over the next few years led to fines totaling billions. The lion's share of the financial penalties came because of Microsoft's "noncompliance" with those rulings.
The European antitrust case has cost Microsoft a whopping $2.04 billion in total, including Wednesday's ruling from the General Court of the European Union, which upheld almost all of the Commission's previously levied fines.
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By Julianne Pepitone @CNNMoneyTech June 27, 2012: 12:52 PM ET
NEW YORK (CNNMoney) -- Microsoft is stuck paying a $1 billion fine for an antitrust ruling handed down in 2008, after a European court on Wednesday rejected the company's long-running appeal.
Microsoft was charged in 2004 with refusing to make "certain interoperability information" available to competitors between 1998 and 2004. That kept rivals' products from working with Windows' server software.
A series of rulings from the European Commission over the next few years led to fines totaling billions. The lion's share of the financial penalties came because of Microsoft's "noncompliance" with those rulings.
The European antitrust case has cost Microsoft a whopping $2.04 billion in total, including Wednesday's ruling from the General Court of the European Union, which upheld almost all of the Commission's previously levied fines.
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Read more: http://money.cnn.com/2012/06/27/technology/microsoft-1-billion-fine-antitrust/
