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DoJ sues Apple and five other publishers over eBook price-fixing/anticompetition

MrKevvy (85565) writes | more than 2 years ago

0

MrKevvy (85565) writes ""The U.S. filed an antitrust lawsuit Wednesday against Apple Inc. AAPL +0.73% and five of the nation's largest publishers, alleging they conspired to limit competition for the pricing of e-books.

The lawsuit, filed in Manhattan federal court by the U.S. Department of Justice's Antitrust Division, alleges Apple and the publishers reached an agreement where retail price competition would cease, retail e-books prices would increase significantly and Apple would be guarantee a 30% "commission" on each e-book sold.""

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