Microsoft Corporation (MSFT) CEO Promises Full Cooperation with Chinese Authorities in Antitrust Probe

Microsoft Corporation (NASDAQ:MSFT) chief executive Satya Nadella promised full cooperation with Chinese authorities in an antitrust probe into his company. He was speaking in a meeting with State Administration for Industry and Commerce (SAIC), a top regulator in Beijing.

The largest software company is facing anti-monopoly investigations after Chinese regulators seized evidence from several Microsoft Corporation (NASDAQ:MSFT) offices in the country. Some senior Microsoft executives have been summoned and questioned by Chinese authorities over the issue.

Microsoft Corporation (NASDAQ:MSFT) CEO promised that the company will provide the authorities will all needed information. Nadella further expressed confidence that the Chinese government will handle the investigations in a transparent and fair manner.

Microsoft (MSFT)

In a conciliatory tone, SAIC chief Zhang Mao with whom Nadella held the meeting, also promised that the Chinese authorities will abide by the law to ensure that the investigations are transparent and fair and further welcomed Microsoft Corporation (NASDAQ:MSFT) input into the probe.

The trip to Beijing was Nadella’s first as the Microsoft Corporation (NASDAQ:MSFT) CEO. Nadella joins the list of other executives who have been summoned by the Chinese government over anti-monopoly allegations. China’s enforcement of its 2008 anti-monopoly law has sent jitters among many Western companies whose activities have been targeted by antitrust agencies.

Chipmaker Qualcomm Inc recently sent president Derek Aberle to Beijing for a meeting with National Development and Reform Commission (NDRC) over antitrust probe. The company could face a record fine if found guilty of the alleged offences.

Software and internet companies have been facing legal tussles in different parts of the world with Google Inc. currently being investigated by the European Union. Google Inc faces probe on alleged redirection of traffic to its services at the expense of its competitors. The European Union is also contemplating a probe on Google Inc Android over claims that it’s stifling competitor apps.

This article has been written by Victor Ochieng.

Related Articles:

“Microsoft Corporation (MSFT) Renders Office 365 Accessible To Students”

Microsoft Corporation (MSFT)’s Xbox One Console Eludes Chinese Market”

“Microsoft Corporation (MSFT) Launches Cross-Platform Wireless Keyboard for Windows, iPhone, iPad, and Android”


Related posts


Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now