EU Open To Dropping E-Books Pricing Probe For Concessions

Law360, New York (March 12, 2012, 4:25 PM EDT) -- The European Commission will consider settling with publishers in its antitrust investigation into e-book pricing if the media companies agree to make changes to address all of the regulator's concerns, competition chief Joaquin Almunia said Monday.

The watchdog is worried about the new pricing system developed to distribute e-books and the risk of collusion among publishers, Almunia said according to spokeswoman Antoine Colombani. Opened in December, the probe targets e-book distributor Apple Inc., Hachette Livre SA, HarperCollins Publishing Inc., Penguin Group, Simon & Schuster Inc. and...
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