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EU Hits Microsoft with Record Fine - $1.35 billion
The European Commission fined Microsoft a record 899 million euros ($1.35 billion) on Wednesday for defying sanctions imposed on the software giant for antitrust violations, far exceeding the original penalty. The Commission, executive arm of the European Union, has now fined Microsoft 1.68 billion euros for its original violation and for failing to comply with sanctions, more than any other firm. It said no other company had ever ignored sanctions.
After fining Microsoft 497 million euros in 2004, the Commission fined the company another 280.5 million euros in July 2006 for failing to comply with the sanctions. The latest decision picks up from where that fine left off, for the period from June 21, 2006 until October 21, 2007. After that, Microsoft agreed to reduced royalties and to provide needed information.
Posted by | Wed, Feb 27, 2008 - 08:34 AM
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