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Microsoft to pay $70M over gouging

Time: 00:15 EST/05:15 GMT | News Source: CNN | Posted By: Kenneth van Surksum

Microsoft Corp. will pay $70 million to thousands of California government agencies in the latest legal settlement spurred by price-gouging allegations against the world's largest computer software maker.

The proposed truce covers a wide range of taxpayer-backed agencies -- from local school districts to regional transportation systems -- that bought Microsoft products dating back to 1995.

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