Amazon scores in ebook victory

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iol scitech jul 20 ebook

AP

Cote ruled on July 10 that Apple was liable for conspiring with five publishers to raise e-book prices above those established by the dominant retailer in the market, Amazon.com.

London - European Union regulators are set to accept an offer by Apple and four publishers to end an antitrust inquiry into their ebook prices, handing Amazon victory in a attempt to sell online books cheaper than its rivals.

Apple and the publishers have offered to let retailers set their own prices or discounts for two years, and also suspend “most-favoured nation” contracts, which bar publishers from selling ebooks more cheaply elsewhere, for five years. - The Independent

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