facebook
twitter
rss
account
search
search
 

Microsoft paying IBM $775M to settle case

July 1, 2005 at 11:49 AM   |   Comments

ARMONK, N.Y., July 1 (UPI) -- Microsoft Corp. of Redmond, Wash., said Friday it would pay $775 million to IBM to settle a 10-year-old antitrust dispute between the two companies.

Besides the $775 million, Microsoft agreed to extend $75 million in credit for "deployment" of Microsoft software at IBM.

The settlement resolves claims arising from an antitrust lawsuit by federal prosecutors against Microsoft.

"Over the last few years we have been focused on resolving our disputes with other companies, and today's announcement takes another significant step towards achieving that goal," said Brad Smith, Microsoft's top lawyer.

Topics: Brad Smith
© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient
2
Eni makes major oil find offshore Congo Eni makes major oil find offshore Congo
3
U.S. average gas price headed below $3 U.S. average gas price headed below $3
4
U.S. sinks $25 million in funding for renewables U.S. sinks $25 million in funding for renewables
5
WTI, Brent search for traction WTI, Brent search for traction
Trending News
Around the Web
x
Feedback