EU Fines Microsoft Record $1.3 Billion

BRUSSELS, Belgium (AP) — Microsoft has been slapped with a huge fine.

The European Union says the American software giant charged rivals too much for information on its software and is ordering it to pay $1.3 billion. EU regulators says Microsoft set “unreasonable prices” for developers of software products compatible with the company’s Windows operating systems.

Microsoft says the fines involve past issues that have since been resolved. It says it’s abiding by new principles to make its products more open.

Tuesday’s European fine is the largest ever for a single company. It’s also the first time the EU has penalized a business for failing to obey an antitrust order.