Microsoft (MSFT) Fined Another $731M by EU for Failure to Offer Web Browser Choices
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Microsoft (Nasdaq: MSFT) is on watch Wednesday following a new fine brought about by European regulators.
The European Union fined Microsoft €561 million (about $731 million) over violations of antitrust settlements. The fine amounts to about one percent of 2012 revenue, though Microsoft has shelled-out about €2.24 billion over the last decade.
Microsoft had agreed in 2009 to offer different web browsers aside from Internet Explorer with its Windows operating system. The EU noted last July that about 10 percent of users running Windows 7 Service Pack 1, or about 28 million computers in the bloc, weren't offered web browser choices.
Microsoft was expected to offer users a choice of 12 of the most popular browsers to install in addition to, or instead of, Internet Explorer.
Shares of Microsoft are down about 0.2 percent early.
The European Union fined Microsoft €561 million (about $731 million) over violations of antitrust settlements. The fine amounts to about one percent of 2012 revenue, though Microsoft has shelled-out about €2.24 billion over the last decade.
Microsoft had agreed in 2009 to offer different web browsers aside from Internet Explorer with its Windows operating system. The EU noted last July that about 10 percent of users running Windows 7 Service Pack 1, or about 28 million computers in the bloc, weren't offered web browser choices.
Microsoft was expected to offer users a choice of 12 of the most popular browsers to install in addition to, or instead of, Internet Explorer.
Shares of Microsoft are down about 0.2 percent early.
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