July 2, 2005

Microsoft uses $850m to kiss and make up with IBM

Microsoft and IBM can be friends again - or at least less bitter partners/rivals after Redmond agreed to hand over an $850m antitrust apology.

Microsoft will pay IBM $775m and dole out a $75m software credit. These gifts stem from Microsoft's antitrust trial in which IBM was deemed to have been unfairly punished by Microsoft's business practices. Critically, Judge Thomas Penfield found that Microsoft overcharged IBM for software and used unsavory, discriminating pricing tactics.

Link: The Register

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