Microsoft slightly gives way in the EU | News

Microsoft’s market power is a thorn in the side of the antitrust authorities in the European Union – and has been for years. Now Microsoft is moving, which so far has survived the stock market crash relatively well.

Whether it’s the operating system, Office, Outlook or the cloud: the market power of Microsoft cannot be denied. But the European Commission in particular is trying to counteract this. As you can see, the stubbornness of European competition watchdogs is likely to be successful.

As announced by Microsoft, license agreements in business in the cloud are to be revised. The changes were intended to clarify the Commission’s fundamental concerns, explained Microsoft’s CEO, Brad Smith. This is the first step, he emphasized and made it clear that it might not be the last step for the company.

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The core of the dispute, which has been going on for several years, is the package solution offered by Microsoft for its Office product. They should now be handled in a more flexible manner. Several European cloud providers have repeatedly criticized the US group’s licensing terms in recent months.

Microsoft’s shares are stabilizing

The recent correction has also dragged defaults like Microsoft into a downward spiral. The title lost almost 25% this year, but is in a relatively good position, while the Nasdaq technology index lost almost 30%. Microsoft shares fell to a low of around $ 246 last week before stabilizing.

In order not to burden the chart image even more, the annual minimum should not fall below – above the resistance around $ 270, the technical situation on the chart improves again. This year’s downward trend is cracking at prices above $ 300, along with the 200-day (red) line.

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