European Commission to Accept Apple Settlement Offer Over E-Books?

Posted November 6, 2012 at 7:44pm by iClarified | Please help us and submit a translation by clicking here | 4941 views

The European Commission will likely accept an offer from Apple and four publishers to end an antitrust probe into e-book price fixing, reports Reuters.

Apple and the publishers have offered to let retailers set their own prices or discounts for a period of two years, and also to suspend "most-favored nation" contracts for five years, the sources said. Such clauses bar publishers from making deals with rival retailers to sell e-books more cheaply than Apple.

Apple, Simon & Schuster, News Corp. unit HarperCollins, Lagardere SCA's Hachette Livre and Verlagsgruppe Georg von Holtzbrinck, the owner of German company Macmillan, made the proposal in September.


Pearson's Penguin group did not participate in the offer and also did not participate in a settlement with the U.S. Department of Justice in a similar investigation.

Read More


Share
Add Comment
Follow iClarified
Apple Announces Porsche as a Committed Partner for CarPlay
Apple has announced Porsche as a committed pa...
Beautiful 3D Exploded Renders of the Apple Watch [Images]
Check out these beautiful 3D exploded renders...
Tim Cook Has the Best Pay-for-Performance Rating of any CEO in America [Video]
Microsoft Updates OneDrive App to Let You View Your Photos on the Apple Watch
Apple Unveils Exclusive Apple Watch Sport Bands at Milan's Salone Del Mobile Design Fair