Market Chatter: Microsoft Faces $2.81 Billion Lawsuit Over Alleged Overcharging of Cloud Computing Licenses

MT Newswires Live12-12

Microsoft (MSFT) is facing a 2.1 billion-pound ($2.81 billion) lawsuit for allegedly overcharging customers who use cloud computing services from Amazon (AMZN), Google (GOOG, GOOGL) and Alibaba (BABA), Reuters reported Thursday.

Complainants alleged that Microsoft is making it more expensive to access Windows on other cloud platforms compared with those who use Azure, Microsoft's cloud computing service, according to the report.

Meanwhile, Microsoft is asking for the dismissal of the case.

Microsoft did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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