US Officials Investigate SAP for Possible Price-Fixing – Bloomberg

US officials have launched an investigation into software giant SAP over potential price-fixing practices, according to a report by Bloomberg. The probe comes as part of a broader crackdown on anti-competitive behavior in the tech industry.

The investigation is said to be focused on allegations that SAP may have engaged in anti-competitive practices to artificially inflate prices for its software products. This could have potentially harmed consumers and competitors in the market.

SAP, which is one of the largest software companies in the world, has denied any wrongdoing and stated that it is cooperating with the authorities in their investigation.

The news of the probe has sent shockwaves through the tech industry, with many analysts and experts closely watching the developments. If found guilty of price-fixing, SAP could face hefty fines and damage to its reputation.

As the investigation unfolds, more details are expected to emerge about the allegations and the potential impact on SAP’s business. Stay tuned for more updates on this developing story.