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For those of you who have been following Microsoft's legal troubles in Europe will want to know the latest development. According to CNet News.com Microsoft has decided to get rid the headache sooner than later by paying the entire $600 million fine that was ruled against the company by the European Commission. 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.
What do you all make of this? More lawsuits to come?
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