Google dangled $512M to foil Microsoft EU cloud pact

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Google dangled $512M to foil Microsoft EU cloud pact - Business Mirror

Quick Summary:

Google offered a group of European Union-based cloud firms a package worth about €470 million ($512 million) in a failed attempt to derail their antitrust settlement with Microsoft Corp.that freed the US software giant from a potentially costly EU case.

But just days before the agreement was announced, Alphabet Inc.unit Google made a counteroffer designed to convince CISPE to maintain their EU complaint, according to confidential documents seen by Bloomberg and people familiar with the matter, who spoke on condition of anonymity.

Instead, they opted to take up an offer allowing them to use enhanced Microsoft Azure features—with service providers permitted to offer Microsoft applications and services on their local cloud infrastructures.