The U.S. Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft's cloud computing business, sources familiar with the matter told Reuters on Thursday.

Microsoft's (NASDAQ:MSFT) cloud computing business is likely to be investigated by the U.S. Federal Trade Commission for anti-competitive practices, the Financial Times reported. Shares of the tech giant rose 0.

The Federal Trade Commission, led by Lina Khan, had previously sought public feedback on Microsoft's cloud computing business.

The U.S. Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft's cloud computing business, the Financial Times reported on Thursday, citing people with direct knowledge of the matter.

The Federal Trade Commission is readying an investigation into Microsoft’s cloud-computing business as its full-throttle approach to antitrust continues in the final weeks of the Biden administration,