News Formal

Microsoft to pay off cloud industry group to end EU antitrust complaint, Politico reports

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

:Microsoft is close to reaching a multimillion-euro deal with an Amazon-backed cloud lobby to get it to drop an antitrust complaint with the European Commission, Politico reported on Saturday.

FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo

The pact would include a possible multimillion-euro payment to the trade association, according to the report, and separate payments could also be made to individual companies. CISPE, whose members include Amazon and 26 small EU cloud providers, filed its complaint in late 2022 alleging that Microsoft's new contractual terms imposed on Oct. 1 were harming Europe's cloud computing ecosystem.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon Web Services plans $8.4 billion cloud investment in GermanySTOCKHOLM : Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »