Microsoft has said it expects to take a charge of about $425m (€396m) for a potential fine from the Irish Data Protection Commission (DPC) over alleged privacy breaches at its unit LinkedIn.
The DPC launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the General Data Protection Regulation (GDPR).
The DPC has not yet announced its decision in the case but Microsoft said that LinkedIn was informed of a preliminary ruling in April.
The company 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.
If a €400m penalty is imposed by the DPC, it will be the latest in a series of major fines to be issued by the commission.
