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7/07/2005
Microsoft Pays Heavy Antitrust Sentiment
Microsoft Pays Heavy Antitrust Sentiment
Via Law.com and The Associated Press:
-- MDT
Microsoft to Pay IBM $775M in Antitrust SettlementMore details here.
Brian Bergstein
The Associated Press
07-05-2005
IBM Corp. will receive $775 million in cash and $75 million in credit for software from Microsoft Corp. to settle claims that resulted from the federal government's antitrust case against Microsoft in the 1990s, the companies announced Friday.
The payout is one of the largest that Microsoft has made since U.S. District Judge Thomas Penfield Jackson ruled in 2000 that Microsoft engaged in anti-competitive practices. Jackson's ruling cited IBM as a company that Microsoft had forced to "desist from certain technological innovations and business initiatives."
-- MDT
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