Microsoft's Smith Says Expects To Take Additional Steps To Resolve EU Investigation Into Teams; Would Not Be Surprised To Get Eu Statement Of Objections Regarding Teams, Not Irreversible Step In Resolving Issue
Portfolio Pulse from Benzinga Newsdesk
Microsoft's President Brad Smith stated that the company expects to take additional steps to resolve the EU investigation into its Teams software. Smith mentioned that receiving a statement of objections from the EU would not be surprising and is not an irreversible step in resolving the issue.
June 04, 2024 | 12:26 pm
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Microsoft anticipates further actions to address the EU investigation into Teams. A potential statement of objections from the EU is expected but not seen as a critical setback.
The news indicates potential regulatory challenges for Microsoft regarding its Teams software in the EU. While a statement of objections is not seen as a critical setback, it suggests ongoing scrutiny and potential hurdles, which could negatively impact investor sentiment in the short term.
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