Apple & Four Publishers Reach eBook Settlement In Europe

Apple and four publishers have agreed to change their eBook pricing models in a move to settle an investigation in Europe. Simon & Schuster, HarperCollins, Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck, which owns Macmillan in Germany, have agreed to settle with the European Commission to shake allegations of eBook price fixing.

Under the terms of the settlement, “Each of the Four Publishers and Apple will terminate the agency agreements for the sale of e-books in the EEA concluded between each of the Four Publishers and Apple,” said the EU in its Official Journal.

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