Antitrust NewsWatch: Microsoft, South Korea's Daum reach anti-trust settlement | CNET News.com

Friday, November 11, 2005

Microsoft, South Korea's Daum reach anti-trust settlement | CNET News.com

"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 November 11 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."
Microsoft, Daum reach settlement | CNET News.com