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: Google Trends info is placed on inbox duty for subscribers

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

LinkedIn membership hits 300 million

Apr 18, 2014

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Researchers uncover likely creator of Bitcoin

Apr 18, 2014

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

White House updating online privacy policy

Apr 18, 2014

A new Obama administration privacy policy out Friday explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites. It also clarifies that ...

User comments : 0

More news stories

Ex-Apple chief plans mobile phone for India

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

A homemade solar lamp for developing countries

(Phys.org) —The solar lamp developed by the start-up LEDsafari is a more effective, safer, and less expensive form of illumination than the traditional oil lamp currently used by more than one billion people ...

NASA's space station Robonaut finally getting legs

Robonaut, the first out-of-this-world humanoid, is finally getting its space legs. For three years, Robonaut has had to manage from the waist up. This new pair of legs means the experimental robot—now stuck ...