Qwant Requests Interim Action Against Microsoft From French Watchdog

Qwant, a French search engine, has asked the country's watchdog to take interim action against Microsoft. The move comes after Qwant accused Microsoft of abusing its dominant position in the European market. Microsoft is the world's leader in operating systems, software programs, and computer equipment. Net sales break down by activity, including sale of operating systems and application development tools, development of cloud-based software applications, and sale of video gaming hardware and software. The US accounts for 50.9% of net sales.

Microsoft's Russian subsidiary has announced plans to declare bankruptcy, following the company's withdrawal from the Russian market due to the intensification of the Ukraine conflict. The subsidiary, Microsoft Rus, has been facing legal action from several major Russian corporations, including Severstal, Uralkali, VTB, MegaFon, and Gazprombank, totaling 341 million rubles ($3.6 million) in claims [1]. Microsoft Rus generated 161.6 million rubles ($2 million) in revenue and posted a net profit of 174.1 million rubles ($2.13 million) in 2022, compared to 6.9 billion rubles ($84.5 million) in revenue and 638.1 million rubles ($7.8 million) in profits in 2021 [1].

Meanwhile, Qwant, a French search engine, has asked the country's watchdog to take interim action against Microsoft. The move comes after Qwant accused Microsoft of abusing its dominant position in the European market. Microsoft, the world's leader in operating systems, software programs, and computer equipment, has a significant presence in Europe, with the US accounting for 50.9% of its net sales [2].

The AI Infrastructure Partnership (AIP), co-founded by BlackRock, MGX, Global Infrastructure Partners, and Microsoft, has welcomed Kuwait Investment Authority (KIA) as a non-founder financial anchor investor, further enhancing its global reach and investment potential [2]. AIP aims to mobilize $30 billion of equity capital, potentially expanding up to $100 billion with debt financing.

References:
[1] https://menafn.com/1109623581/Microsofts-Russian-Subsidiary-Reveals-Plans-to-Declare-Bankruptcy
[2] https://www.gurufocus.com/news/2904901/mgx-blackrock-global-infrastructure-partners-and-microsoft-welcome-kuwait-investment-authority-kia-to-the-ai-infrastructure-partnership-blk-stock-news