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Canada's Competition Bureau Reaches Deal With Apple, Publishers

Canada's Competition Bureau Reaches Deal With Apple, Publishers

By Reuters | Updated: 21 January 2017 17:58 IST

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Canada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers.

The Competition Bureau's investigation found that an arrangement between the publishers and Apple led to higher prices for Canadians.

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The watchdog said it had entered into consent agreements with Apple, Lagardere SCA's Hachette, Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan and CBS Corp's Simon & Schuster that will let other retailers, including Amazon.com and Kobo, give discounts on e-books by those publishers.

The Competition Bureau, however, was unable to reach an agreement with a fourth publisher involved, News Corp's HarperCollins, and filed an application to order it to halt its alleged anti-competitive practices.

The US Supreme Court last year declined to hear Apple's challenge to a court decision that it conspired with five publishers to increase e-book prices.

© Thomson Reuters 2017

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