Posted by: youngragingbull | March 6, 2013

Microsoft hit with €561M antitrust fine

The European Commission on Wednesday fined Microsoft 561 million euros ($731.2 million) for breaking a promise to offer EU consumers an easy way to choose their preferred browser in its Windows operating system.

The Commission found that Microsoft didn’t roll out its “browser-choice screen” with its Windows 7 Service Pack 1 from May 2011 until July 2012 although the software firm had committed to make the choice screen available.

“In 2009, we closed our investigation about a suspected abuse of dominant position by Microsoft due to the tying of Internet Explorer to Windows by accepting commitments offered by the company,” said Competition Commissioner Joaquín Almunia in a statement.

“Legally binding commitments reached in antitrust decisions play a very important role in our enforcement policy because they allow for rapid solutions to competition problems. Of course, such decisions require strict compliance,” he added.

Shares of Microsoft fell 0.92% on the Nasdaq to end Wednesday’s trading session at $28.09.

Disclosure: I own shares of Microsoft

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