Penguin offers to end ebook deals with Apple
Apple's ebook price-fixing cases are now in the settlement stage in the US and Europe, and the latest word from the EU is that Penguin has become the last publisher to offer to end ebook pricing restriction deals with Apple.
In December of 2012, Apple and the other four publishers named in the European Commission price fixing case agreed to settle by allowing retailers to set their own prices or discounts for the next two years and drop the "most-favored nation" contracts for five years. With this latest move by Penguin, all of the parties involved have now settled the concerns of the European Commission and this chapter of Apple history comes to a close.
The damages to be levied against Apple in the US Department of Justice price-fixing case settlement have yet to be decided.
