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BRUSSELS, Belgium – The European Union fined the software giant Microsoft Corp. a record $1.3 billion Wednesday for charging unreasonable amount for providing software information to its competitors.

Regulators of EU said that the company imposed “unfair prices” till last October to software developers, who wanted to develop products, which is well matched with the Windows operating system. This is the largest fine ever charged for an individual company.

Microsoft immediately responded to this issue by saying that the problem has been solved and the company was making its products more open to all.

The fine was imposed with in a week after Microsoft had announced that it is ready to share more information about its technology and products with a view to make it work better with competitor’s software and to meet the demands of European antitrust regulators.

Tags: Antitrust Fine, EU, Euro, Microsoft