European Commission launches antitrust probe into software giant SAP

Core Viewpoint - The European Commission has initiated an antitrust investigation into SAP, focusing on potential competition distortion in software support services [1][2] Group 1: Investigation Details - The investigation will evaluate whether SAP has distorted competition in the aftermarket for maintenance and support services related to its on-premises software [1] - SAP has stated that it believes its policies and actions comply with EU competition rules [1] Group 2: Company Response and Market Impact - SAP is taking the issues raised seriously and is collaborating with the EU Commission to address them [2] - The company does not expect the engagement with the European Commission to have a material impact on its financial performance [2] - SAP's market capitalization is approximately 282 billion euros ($331 billion), and its shares fell by 1.4% on the day of the announcement [2]