Apple settles with EU over e-book pricing, hands Amazon a victory
Apple's long battle with European Union regulators over e-book pricing has ended with Apple and four publishers offering to let retailers set prices or discounts for the next two years and suspend "most-favored nation" contracts for five years.
The EU responded positively to the news. Competition Commissioner Joaquin Almunia stated that "The commitments proposed by Apple and the four publishers will restore normal competitive conditions in this new and fast-moving market, to the benefit of the buyers and readers of e-books."
The deal essentially stops Apple's agreements with publishers Simon & Schuster, HarperCollins, Hachette Livre and Verlagsgruppe Georg von Holtzbrinck (owner of Macmillan) that barred them from selling e-books to rivals more cheaply than to Apple. The publishers are now free to make deals with Amazon and other e-book sellers for pricing that may be less than what's available on Apple's iBookstore.
Apple's long battle with European Union regulators over e-book pricing has ended with Apple and four publishers offering to let...
Deals of the Daymore deals
Software Updatesmore updates
- Microsoft Office for Mac 2011 Update 14.3.4
- Pixelmator 2.2 available with over 100 new features and improvements
- DabKick for iPhone lets you share photos, watch videos and now listen to music in real-time
- Google Now added to search app on iPhone, iPad
- GateGuru for iPhone has been updated and greatly improved
- Twitter updates its OS X client