00:00It's Benzinga, and here's what's on the block.
00:02The European Union accused Microsoft of breaching antitrust rules by tying its Teams product
00:08to its popular Office 365 and Microsoft 365 productivity applications.
00:13The EU opened an investigation into Microsoft in July 2023 following a complaint by Slack,
00:19which has a rival chat service to Teams.
00:22Microsoft took steps to unbundle Teams from Microsoft 365 last year to address antitrust
00:27concerns, but the EU says these changes were insufficient.
00:31Microsoft faces a potential fine of up to 10% of its global revenue if found to have
00:35breached antitrust rules.
00:36For all things money, visit Benzinga.com
Comments