News Summary

• The European Commission has accepted Microsoft’s efforts to address competition concerns over Teams, stemming from a Slack complaint.
• Microsoft will ensure interoperability for Teams’ rivals with its office software, including Word and Excel.
• It will also enable them to embed Office Web Apps into their own tools, much like Teams already offers today.
• Microsoft must apply these commitments worldwide, which are to be in force for seven years.Failure to comply will land Microsoft in a lot of trouble – up to 10% of its global turnover in fines or daily penalty payments.