Microsoft has paid the $600 million fine handed down by the European Commission in its antitrust ruling against the company.
Representatives of the Redmond, Wash.-based software giant confirmed Friday that Microsoft deposited the payment in an escrow account while the company’s appeal is taking place. While Microsoft had the option of submitting a promissory note in place of such a payout until proceedings are complete, the company dipped into its massive cash reserves, estimated at $50 billion, to cover the largest antitrust fine ever levied against a company by the European Union.
In March, European regulators ordered Microsoft to remove its Media Player software from its Windows operating system and pay the fine, imposed because of what the Commission ruled to be unfair business practices. However, the EU has suspended the judgment while the company’s appeal goes forward.
News source: ZDNet
