Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Zoom talks with regulators on Microsoft competition concerns - Bloomberg News

Published 09/07/2023, 06:08 PM
Updated 09/07/2023, 06:26 PM
© Reuters. FILE PHOTO: Eric Yuan, CEO of Zoom Video Communications walks on the street as he takes part in a bell ringing ceremony at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019.  REUTERS/Carlo Allegri/File Photo
MSFT
-
ZM
-

(Reuters) - Zoom Video Communications (NASDAQ:ZM) has met with regulators from the United States, European Union and other jurisdictions to outline concerns about Microsoft (NASDAQ:MSFT)'s alleged anti-competitive behavior, Bloomberg News reported on Thursday.

The video conferencing platform has spoken with the U.S. Federal Trade Commission, as well as competition enforcers from the EU, UK and Germany over the past year, the report said, citing a person familiar with the matter.

Zoom had expressed its concerns about the way Microsoft has given preference to its chat and video app Teams through price bundling and product design, the report added.

"If you have unfair competition, you may not win," Zoom CEO Eric Yuan said, while answering a question at the Goldman Sachs Communications & Technology conference on Tuesday.

FTC declined to comment, while Zoom and Microsoft did not immediately respond to Reuters requests for comment.

© Reuters. FILE PHOTO: Eric Yuan, CEO of Zoom Video Communications walks on the street as he takes part in a bell ringing ceremony at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019.  REUTERS/Carlo Allegri/File Photo

Microsoft had found itself a target of an European Union antitrust investigation over the bundling of its Teams with its Office product in July, following a complaint by Salesforce-owned competing workspace messaging app Slack in 2020.

A month later, the software-giant said it would unbundle Teams from its Office products and make it easier for competing products to work with its software, in an attempt to stave off a possible EU antitrust fine.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.