Latest in Antitrust

Image credit:

Reuters: Apple, Amazon e-book battle in EU nearing a conclusion

Share
Tweet
Share
Save

Sponsored Links

Source have told Reuters that EU regulators are going to accept an offer by Apple and four publishers to end antitrust investigations into their e-book pricing schemes. This result essentially cedes a victory to Amazon, which will be able to sell online books for less than its competitors.

Apple, Simon & Schuster, Harper Collins, Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck apparently made their proposal in September. They'll let retailers set their own prices and/or discounts for two years, and will suspend controversial "most-favored nations" clauses for five years. "Most-favored nations" clauses prevent publishers from making deals with competitors like Amazon to sell e-books for less than what Apple will charge.

While the European Commission hasn't publicly commented on the proposed settlement, it's likely to accept the offer and make an announcement in December.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Walmart sues Tesla after solar panels catch fire at stores

Walmart sues Tesla after solar panels catch fire at stores

View
A fourth 'Matrix' movie is happening

A fourth 'Matrix' movie is happening

View
Sega’s remastered ‘Yakuza’ bundle for PS4 comes to the US

Sega’s remastered ‘Yakuza’ bundle for PS4 comes to the US

View
NASA confirms mission to Jupiter's moon Europa

NASA confirms mission to Jupiter's moon Europa

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr