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E.U. Antitrust Discount e-Book Settlement With Apple and Others

     

engine

4:55 pm on Sep 19, 2012 (gmt 0)

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Apple Inc and four major publishers have offered to let retailers such as Amazon.Com Inc sell e-books at a discount, in a bid to end an EU antitrust investigation, the European Commission said on Wednesday.

EU regulators have been investigating Apple's e-book pricing deals with Simon & Schuster, News Corp unit HarperCollins, French group Lagardere SCA's Hachette Livre, Verlagsgruppe Georg von Holtzbrinck, which owns Macmillan in Germany, and Pearson Plc's Penguin group.

Apple and the publishers, with the exception of Penguin, have offered to settle with the Commission, which began its inquiry last December.

"For a period of two years, the four publishers will not restrict, limit or impede e-book retailers' ability to set, alter or reduce retail prices for e-books and/or to offer discounts or promotions," the European Commission said in its Official Journal, detailing the offer under consideration.E.U. Antitrust Discount e-Book Settlement With Apple and Others [reuters.com]
 

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