• Judge grants Amazon motion for pause in Microsoft's Pentagon contract work

    4 monthes ago - By Reuters

    A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump.
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  • Cloud storage wars heat up: After Amazon's tantrum, judge hits pause on Microsoft's JEDI deal

    4 monthes ago - By Fast Company

    Amazon more or less claims it lost the lucrative contract because of “unmistakable bias.”
    A judge just put Microsoft's huge cloud deal with the Department of Defense on ice.
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  • Defense Department's JEDI contract with Microsoft halted after Amazon complains

    4 monthes ago - By Fortune

    A judge has ordered a temporary halt to a major Defense Department contract awarded to Microsoft after rival Amazon complained about the bidding process.
    In a sealed legal document filed Thursday with the U.S. Court of Federal Claims, Judge Patricia Campbell-Smith said the Defense Department's Joint Enterprise Defense Infrastructure contract is blocked “until further order of the court.” The decision comes just days after Amazon Web Services, the retail giant's cloud computing arm, revealed in legal documents unsealed this week that it was seeking to depose President Donald Trump and...
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  • Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract

    Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract

    4 monthes ago - By Business Insider

    A federal judge on Thursday approved a motion by Amazon to have the Defense Department suspend work on the JEDI cloud contract Microsoft won last year.
    Shares of Microsoft fell as much as 1% on Thursday afternoon.
    The move erased $17 billion from the technology giant's market capitalization in just a few minutes.
    Watch Microsoft trade live on Markets Insider .
    Microsoft shares declined sharply Thursday afternoon immediately after a federal judge ordered a temporary halt on the JEDI contract awarded to the company by the Pentagon last year.
    Shares turned negative in a matter of minutes...
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  • Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract

    Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract

    4 monthes ago - By Business Insider

    A federal judge on Thursday approved a motion by Amazon to have the Defense Department suspend work on the JEDI cloud contract Microsoft won last year.
    Shares of Microsoft fell as much as 1% on Thursday afternoon.
    The move erased $17 billion from the technology giant's market capitalization in just a few minutes.
    Watch Microsoft trade live on Markets Insider .
    Microsoft shares declined sharply Thursday afternoon immediately after a federal judge ordered a temporary halt on the JEDI contract awarded to the company by the Pentagon last year.
    Shares turned negative in a matter of minutes...
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  • Amazon's annual filing shows it loaded up on private company stock while scaling back acquisitions last year - a change that could help as regulatory scrutiny grows

    Amazon's annual filing shows it loaded up on private company stock while scaling back acquisitions last year - a change that could help as regulatory scrutiny grows

    4 monthes ago - By Business Insider

    Amazon spent roughly $2.2 billion in cash on minority investments last year, nearly quadrupling from the year-ago period, according to company filings.
    It now owns a record $2.6 billion worth of private company stock, an over six-fold increase from the previous year, filings show.
    Meanwhile, Amazon cut back on acquisitions last year, spending only $315 million, after a two-year record run of spending over $15 billion on buying other companies.
    The change reflects a potential shift in Amazon's investment strategy, focusing
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  • Judge grants Amazon bid to pause Microsoft's Pentagon contract work

    4 monthes ago - By Reuters

    A U.S. judge on Thursday granted Amazon.com Inc's request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.
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  • U.S. judge orders temporary halt to Microsoft's work on Pentagon's JEDI contract

    4 monthes ago - By Reuters

    A U.S. judge on Thursday granted Amazon.com Inc's request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.
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  • Judge halts Microsoft work on JEDI contract after AWS request

    4 monthes ago - By Tech Crunch

    A sealed order from a judge today has halted the $10 billion, decade long JEDI project in its tracks until AWS's protest of the contract award to Microsoft can be heard by the court.
    The order signed by Judge Patricia E. Campbell-Smith of the US Court Federal Claims stated:
    The United States, by and through the Department of Defense, its officers, agents, and employees, is hereby PRELIMINARILY ENJOINED from proceeding with contract activities under Contract No. HQ0034-20-D-0001, which was awarded under Solicitation No. HQ0034-18-R-0077, until further order of the court.”
    The judge was not...
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  • A judge told the Pentagon to hit pause on the $10 billion JEDI contract in a minor victory for Amazon's challenge to Microsoft's surprise win

    A judge told the Pentagon to hit pause on the $10 billion JEDI contract in a minor victory for Amazon's challenge to Microsoft's surprise win

    4 monthes ago - By Business Insider

    A federal judge approved Amazon's motion to have the Defense Department suspend work on the $10 billion JEDI cloud contract.
    The Pentagon awarded the contract to Microsoft last year, in a stunning defeat for Amazon, which was widely expected to win the contract.
    Amazon filed a lawsuit challenging the decision. The cloud giant last week asked the court to "stop further JEDI contract performance until the Court decides the protest."
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