Tuesday, November 6, 2012

EU will reportedly accept ebook antitrust settlement from Apple and publishers

50 shades of grey kindle

Apple and book publishers may see their ebook price fixing drama come to a close in Europe soon: Reuters reports that EU regulators will accept an offer allowing Amazon and others to sell ebooks at lower prices than Apple, which will reportedly end the antitrust investigation and allow Apple and others to avoid fines. The proposal was offered by Apple, HarperCollins, Hachette, Macmillan, and Simon & Schuster in August. The group was accused of colluding to fix ebook pricing instead of competing with retailers like Amazon. Reuters reports that the EU is likely to accept the offer and announce the decision in December, which would come roughly one year after it announced a formal investigation into price fixing.


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via The Verge - All Posts http://www.theverge.com/2012/11/6/3609112/eu-ebook-antitrust-settlement-apple-publisher

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