Microsoft is reportedly under fire from EU antitrust regulators over Teams
Jan. 25, 2023 9:05 AM ETMicrosoft Corporation (MSFT), CRMBy: Chris Ciaccia, SA News Editor20 Comments
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- Microsoft (NASDAQ:MSFT) is reportedly set to face an antitrust probe by European Union regulators over its Teams messaging software.
- A statement of objections from the European Commission could come in short order, Politico reported, citing two people familiar with the matter.
- The European Commission opened an investigation after Teams competitor, Slack, complained about unfair practices in 2020.
- Slack, owned by Salesforce (NYSE:CRM), said Microsoft (MSFT) had unfairly integrated Teams, its Slack competitor, into Office. In addition, Slack said the EU should make Microsoft (MSFT) separate Teams from Office and sell it at a fair commercial price.
- Microsoft (MSFT) and Salesforce (CRM) did not immediately respond to a request for comment from Seeking Alpha.
- Redmond, Washington-based Microsoft (MSFT) shares fell 3% in premarket trading on Wednesday after the tech giant forecast a slowdown in its Azure cloud computing service, leaving analysts to debate the health of the company.