Apple, e-book publishers, EU find competition deal

Dec 13, 2012

(AP)—The European Union's competition watchdog has accepted proposals by four publishers and Apple to end agreements that set retail prices for e-books—a practice the EU feared violated competition rules.

The decision reached Thursday is legally binding on Hachette Livre; Harper Collins; Simon & Schuster; and Verlagsgruppe Georg von Holtzbrinck, which owns Macmillan. The deal is also binding on Penguin.

The EU was concerned that Apple's agreements with the publishers, which let the publishers set the price at which online bookshops sold e-books to consumers, unfairly raised the price of the content.

The publishers and Apple must end all of the contracts in question and hold off on entering into new ones.

The U.S. is also investigating the practice and has reached a settlement with some of the publishers.

Explore further: Facebook awards 'Internet Defense Prize'

1 /5 (5 votes)
add to favorites email to friend print save as pdf

Related Stories

EU ends ebook probe after pledges from publishers

Dec 13, 2012

The European Commission said Thursday major ebook publishers and Apple have provided sufficient commitments for it to end a probe into price fixing in the booming electronic publishing business.

EU, publishers near deal in e-book pricing probe

Sep 19, 2012

European regulators said on Wednesday they were near a deal with giant publishers accused of e-book price fixing, weeks after media giants including Apple sealed a deal in the United States.

Recommended for you

Facebook awards 'Internet Defense Prize'

31 minutes ago

Facebook awarded a $50,000 Internet Defense Prize to a pair of German researchers with a seemingly viable approach to detecting vulnerabilities in Web applications.

Twitter tries to block images of Foley killing

20 hours ago

Twitter and some other social media outlets are trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers publicity ...

New generation is happy for employers to monitor them on social media

20 hours ago

Will employers in the future watch what their staff get up to on social media? Allowing bosses or would-be employers a snoop around social media pages is a growing trend in the US, and now a new report from PricewaterhouseCoopers and the Said Business School suggest ...

User comments : 0