Microsoft (MSFT) Faces Charges by EU for Bundling Teams, Office [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
In a preliminary finding, EU officials stated that Microsoft has breached the bloc's competition rules by bundling Teams with its popular Office 365 and Microsoft 365 productivity suites for businesses. The potential consequences for Microsoft are significant, with the company facing a possible fine of up to 10% of its global annual revenues, a staggering amount of $211.9 billion in revenues reported for fiscal 2023. The investigation, initiated nearly a year ago, stems from a 2020 complaint by Slack, now owned by Salesforce CRM. Slack alleged that Microsoft's practice of automatically including Teams with its Office software suite gave the communication tool an unfair advantage, stifling competition in the market for remote communication and collaboration tools. The European Commission's preliminary findings suggest that Microsoft's practices may have restricted customer choice and hindered innovation. Specifically, the EU body is concerned that Microsoft has been forcing cust
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