The Irish Data Protection Commission<\/a> (IDPC) launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the European data protection law<\/a>.
The regulator's order is not public and Microsoft said that LinkedIn was informed about the preliminary decision in April. Microsoft added it would dispute the proposed fine after receiving a final order.
\"After review and analysis, the company would increase its existing reserve for the matter and, based on current exchange rates take a charge of approximately $425 million in the fourth quarter of fiscal year 2023,\" Microsoft said in a statement.
IDPC did not immediately respond to a Reuters request for comment.
Shares of Microsoft were trading slightly lower on Thursday amid broader market weakness.
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