Microsoft Is Amid Initiatives To Resolve EU's Concerns Over Its Workplace Chat & Video App

  • Microsoft Corp MSFT aims to resolve European Union antitrust concerns about its business practices spurred by Salesforce, Inc CRM workspace messaging app Slack's complaint.
  • The move, which could dodge a formal EU antitrust investigation, again highlighted Microsoft's new preference for working out issues with regulators, Reuters reports.
  • Slack alleged Microsoft unfairly integrated its workplace chat and video app Teams into its Office product.
  • Also Read: Broadcom's Vmware Draws More Regulatory Attention, This Time From EU
  • Microsoft introduced Teams in 2017 to tap the fast-growing and lucrative workplace collaboration market.
  • Microsoft doled out an introductory offer of concessions to reduce the EU watchdog's concerns.
  • The EU penalized Microsoft with ~$2.3 billion in the previous decade over its practices.
  • The report noted that the EU antitrust watchdog sent its second batch of questionnaires to rivals in October, probing for more details on Microsoft's interoperability and bundling practices.
  • Multiple antitrust complaints targeted Microsoft over cloud computing and bundling of OneDrive with Windows.
  • Price Action: MSFT shares traded higher by 1.10% at $255.29 in the premarket on the last check Tuesday.
  • Photo Via Wikimedia Commons
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