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Microsoft, Daum reach settlement | |
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| Time: 07:07 EST/12:07 GMT | News Source: CNET | Posted By: John Quigley | ||
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SEOUL--Microsoft has reached a $30 million settlement with South Korea's Daum over an antitrust suit, but regulators said they will continue to review their case against the world's largest software maker. Shares in Daum Communications, the country's top Web portal operator, jumped nearly 9 percent on Friday after the two firms announced the agreement, which includes a $10 million cash payment by Microsoft to Daum, $10 million in advertising deals and unspecified business terms worth a further $10 million. Analysts say the payment would alleviate a cash shortage at Daum, which acquired Lycos last year and has been suffering heavy costs linked to restructuring efforts at the U.S. portal. | ||
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| #1 By 15406 (216.191.227.68) at 11/11/2005 12:21:02 PM |
| More MS antitrust shenanigans. Is MS just totally incapable of doing the right thing, or does it pay to continually break the law around the world? If the penalties were changed so that company executives were personally liable and subject to jail time, MS would reform overnight and turn into a good corporate citizen. Unfortunately this will never happen, so MS will continue to flout the laws of every country they deal with and buy their way out of any jams as best they can. |
| #2 By 23278 (12.11.161.5) at 11/11/2005 2:03:58 PM |
| Is the right thing to unbundle Media Player and Windows Messenger? That is what Daum's complaint was about. |
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