Apple says it will stop e-book price fixing in Europe

In a move that looks hopeful for the American market, Apple has vowed to stop fixing e-book prices in Europe, Macworld reports. As part of the agreement, Apple will terminate the agency-pricing agreements with the five companies involved in the European antitrust suit: Hachette Livre, Harper Collins, Simon & Schuster, Penguin and MacMillan. Apple first offered to settle in April.

As part of the settlement, Apple said it will allow retailers to set e-book prices in European markets for two years.

Despite a partial deal being reached in the US, Apple is still part of the ongoing antitrust suit here.