The Federal Trade Commission is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, as the US regulator continues to pursue Big Tech in the final weeks of Joe Biden’s presidency.

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 Financial Times first reported the FTC was focusing on the Redmond-based tech giant’s productivity software, Microsoft 365, following up on allegations that the company effectively locked customers into Microsoft’s Azure cloud service.