European Union antitrust regulators are likely to open a formal investigation into Microsoft (MSFT) following a complaint by Salesforce-owned (CRM) workspace messaging app Slack, sources tell Reuters’ Foo Yun Chee. Microsoft has offered to cut the price of its Office product without its Teams app, but the European Commission has been seeking a deeper price cut than that offered by the company, the report said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MSFT:
- U.S.-China Trade War Worsens: Beijing Restricts Export of 2 Critical Metals
- U.S. Could Restrict Chinese Access to Cloud Services like AMZN and MSFT
- NFLX Stock Slips as It Considers Changing Ad Format
- Nvidia and AMD: Weapons of AI Chip War
- Activision’s Microsoft saga almost over, may be time to sell, Barron’s says