Penguin vows to scrap Apple e-book deals
Quotes

Penguin vows to scrap Apple e-book deals

Last Updated: Thursday, July 25, 2013, 18:13
 
 Comment 0
 
Penguin vows to scrap Apple e-book deals
Brussels: EU regulators accepted a pledge by British media group Pearson's Penguin unit to scrap its e-book deals with Apple which set price curbs on Amazon and other retailers, closing an antitrust case against the company.

Penguin offered in April to end "most-favoured nation" contracts for five years. Such clauses bar rival retailers from selling e-books cheaper than Apple.

It also proposed to let retailers set prices or discounts for a period of two years. The concessions are similar to those offered by four other publishers last year.

The European Commission said the publishers' offer would boost the e-book market.

"After our decision of December 2012, the commitments are now legally binding on Apple and all five publishers including Penguin, restoring a competitive environment in the market for e-books," European Competition Commissioner Joaquin Almunia said in a statement.

Reuters


First Published: Thursday, July 25, 2013, 18:13


Comments


comments powered by Disqus
Reminiscing Lincoln Continental
Reminiscing Lincoln Continental
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved