$733M is one helluva fine!!
According to ABC News:
The European Union Commission has fined Microsoft Corp. €561 million ($733 million) for breaking the terms of an earlier agreement to offer users a choice of internet browser. The penalty is a first for Brussels — no company has ever failed to keep its end of a bargain with EU authorities before. In 2009, Microsoft agreed to pay a €860 million fine and promised to give Windows users the option of choosing another browser rather than having Internet Explorer automatically installed.
But Microsoft failed to stick to the deal for some 15 million installations of Windows 7 in Europe from May 2011 until July 2012. The company admitted the failure last year, adding that it was a mistake. The commission’s top regulator, Joaquin Almunia, said at a press conference in Brussels, Belgium Wednesday that negotiated settlements are vital for enforcement to be carried out quickly. But he warned that the whole point would be undermined if companies then don’t abide by the terms of the settlement.
“They must do what they committed to do, or face the consequences,” he said. Almunia added that the large fine took into account the size and length of time the company violated the terms of its agreement, as well as the need to defer other companies from backsliding on their promises to competition authorities. He said the fine was less than it might have been because Microsoft had co-operated with the investigation.
A Microsoft spokesman said the company would respond later Wednesday.
Yikes! Microsoft needs to step its game up for sure.
More Stories From Bossip
Baby, Baby, Baby: Ashanti’s Most Fantastically...
Engaged Or Nah: Did Nelly Put A Ring On Miss Jackson?...
Bitter Teyana Taylor Posts Tae Heckard's Texts & Number In Petty Twitter Beef!
Another One: Meet The IT Consultant Bae Who’s BEEN...
Black Men Who Don't Date Black Women Get Dragged
Poor Fella: The Internet Is COOKING “William”...
For Your Info: 30 Celebs Whose Ethnic Background Will Surprise You
Here’s What Happened When Kim K. Revealed That She...