Amazon, Microsoft may face UK investigation over cloud dominance
CHUNYIP WONG
Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) may face antitrust investigations by British media regulator Ofcom, Reuters reported, citing people familiar with the matter.
The recommendation to investigate the tech giantsâ dominance of the UKâs cloud computing market was initially made in April and will be published on Thursday. 
Amazon (AMZN) and Microsoft (MSFT) have a combined market share of 60% to 70% in the UK cloud business, while their closest competitor, Alphabet's Google (GOOG) (GOOGL), has 10%. 
Ofcom said the current state of the market made it difficult for some customers to bargain for a good deal with their provider.
Microsoft (MSFT) didn't immediately respond to requests for comment. An Amazon (AMZN) spokesperson did not have an update for Seeking Alpha.
Technical restrictions and discounts encouraging customers to keep using a single provider for their needs even when better alternatives were available could be considered anti-competitive, Ofcom said earlier this year, Reuters reported.
The two behemoth companies have said they would continue working with Ofcom.
Microsoft (MSFT) is up 31% year-to-date, while Amazon (AMZN) is up 46%.

More on Amazon, Microsoft, etc.

Amazon: 9 Reasons I Am Buying The FTC Pullback
Microsoft: 5 Reasons Why The Stock Is A Strong Buy
Amazon: Ready, Set, A.I.
Nvidia said to consider further push into cloud services space
Google, Amazon well-positioned to capture massive AI market, Morgan Stanley says