Microsoft Corp. (MSFT)

$ 412.87
   
  • Change Today:
    $-2.62
  • 52 Week High: $467.56
  • 52 Week Low: $365.93
  • Currency: US Dollars
  • Shares Issued: 7,434m
  • Volume: 20,780,162
  • Market Cap: $3,069,276m
  • RiskGrade: 116

Google accuses Microsoft of anti-competitive tactics in EU cloud market

By Benjamin Chiou

Date: Wednesday 25 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Google has accused Microsoft of using anti-competitive legacy licensing practices to lock European customers into its cloud platform.
In a complaint to the European Commission on Wednesday, the Alphabet company claimed that Microsoft is "running the same playbook" with its cloud offering Azure as it does with its Teams collaboration software, creating barriers to prevent customers switching to other providers.

"Microsoft's licensing terms restrict European customers from moving their current Microsoft workloads to competitors' clouds - despite there being no technical barriers to doing so - or impose what Microsoft admits is a striking 400% price markup," Google Cloud said in a statement.

The company claims that Microsoft's tactics have "significantly harmed" companies and governments across Europe, citing a study showing a €1bn negative impact to European businesses in 2022.

Google said it has attempted to "engage" with Microsoft over fair and open cloud licensing, but Microsoft instead moved to pay a settlement with other cloud providers over the summer to withdraw an antitrust complaint.

"To give voice to the complaints we hear from customers - and from across the industry - and to seek a resolution that will benefit everyone, we are now taking the next step of filing a formal complaint with the European Commission."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Microsoft Market Data

Currency US Dollars
Share Price $ 412.87
Change Today $ -2.62
% Change -0.63 %
52 Week High $467.56
52 Week Low $365.93
Volume 20,780,162
Shares Issued 7,434m
Market Cap $3,069,276m
RiskGrade 116

What The Brokers Say

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Neutral 4
Sell 0
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Total 53
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