EU antitrust chief hopes to settle Apple case soon

Advertisement
By Reuters | Updated: 10 October 2012 11:01 IST
Apple Inc's antitrust case with the European Union over e-book publishing could be settled in a couple of months, European Competition Commissioner Joaquin Almunia said on Tuesday.

Almunia, the EU's antitrust chief, said he hoped to resolve soon an investigation into Apple and four publishers over deals setting e-book prices.

"Hopefully in the coming couple of months, we will reach a settlement," Almunia told a British Chamber of Commerce conference.

The European Commission is now market-testing an offer by Apple and the publishers in a bid to end the EU probe. The four are CBS Corp's Simon & Schuster, News Corp unit HarperCollins, French group Lagardere SCA's Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck, which owns Macmillan in Germany.

Advertisement

A fifth publisher, Pearson's Penguin, was also charged in the investigation, but is not participating in the settlement with the commission, which began its inquiry last December.

"For a period of two years, the four publishers will not restrict, limit or impede e-book retailers' ability to set, alter or reduce retail prices for e-books and/or to offer discounts or promotions," the European Commission said in its Official Journal, detailing the offer under consideration.

HarperCollins, Simon & Schuster and Hachette reached a settlement with the U.S. government in April with similar proposals.

Advertisement

According to analysts at UBS, e-books account for about 30 percent of the U.S. book market and 20 percent of sales in Britain, but are still negligible elsewhere.

Copyright Thomson Reuters 2012

 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: Apple, HarperCollins, e books
Advertisement

Related Stories

Popular Mobile Brands
  1. Here's When the Motorola Signature Will Launch in India
  2. iQOO Z11 Turbo With 200-Megapixel Camera Arrives in China at This Price
  1. NASA Says the Year 2025 Almost Became Earth's Hottest Recorded Year Ever
  2. Wicked: For Good OTT Release: Know When, Where to Watch the Musical Fantasy
  3. Paul McCartney: Man on the Run OTT Release: When, Where to Watch the Biographical Music Documentary
  4. Civilization VII Coming to iPhone, iPad as Part of Apple Arcade in February
  5. Anantha Streaming Now: Everything You Need to Know About the Tamil Spiritual Drama
  6. Him Is Streaming Online: Know Where to Watch Jordan Peele's Psychological Horror
  7. OpenAI’s Hardware Pivot: Rejecting Apple to Focus on Jony Ive-Designed AI Wearables
  8. iQOO Z11 Turbo Launched With 7,600mAh Battery, 200-Megapixel Camera: Price, Specifications
  9. Silent Truth Is Now Streaming: Know Where to Watch the Japanese Crime Mystery Online
  10. Google Photos App Could Soon Bring New Battery Saving Feature, Suggests APK Teardown
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.