3 September 2012
|
Reuters
Apple and four major publishers have offered to allow
retailers such as Amazon to sell e-books at a discount for two years in
a bid to end an EU antitrust investigation and stave off possible fines,
a person familiar with the matter said on Friday. The EU antitrust watchdog opened an investigation into Apple's e-book
pricing deals with the publishers last December, saying these may hamper
competition in Europe. The four publishers are Simon & Schuster, News Corp unit HarperCollins,
French group Lagardere SCA's Hachette Livre and Verlagsgruppe Georg von
Holtzbrinck, which owns Macmillan in Germany.
The publishers have agreed deals with Apple under which online versions
of their books sell for set prices on Apple's iTunes, with Apple taking
30 percent of the proceeds. The deals specified that other retailers,
such as Amazon, could not sell the e-books at a lower price. The Commission said in April that the five companies had offered
concessions in a bid to end the investigation and avert penalties which
could reach 10 percent of their global turnover, but it did not give
details. Pearson Plc's Penguin group, which is also being investigated, was not
mentioned among those submitting proposals. The Commission was now sounding out opinions from the industry as to
whether the concessions are sufficient, the person familiar with the
matter said, before a formal market test which could lead to the
investigation being dropped.
Original source