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Fri Mar 9, 2012, 01:15 PM

 

U.S. Warns Apple, Publishers

Source: The Wall Street Journal

The Justice Department has warned Apple Inc. and five of the biggest U.S. publishers that it plans to sue them for allegedly colluding to raise the price of electronic books, according to people familiar with the matter.

Several of the parties have held talks to settle the antitrust case and head off a potentially damaging court battle, these people said. If successful, such a settlement could have wide-ranging repercussions for the industry, potentially leading to cheaper e-books for consumers. However, not every publisher is in settlement discussions.

The five publishers facing a potential suit are CBS Corp.'s Simon & Schuster Inc.; Lagardere SCA's Hachette Book Group; Pearson PLC's Penguin Group (USA); Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers Inc., a unit of News Corp. , which also owns The Wall Street Journal.

Read more: http://online.wsj.com/article/SB10001424052970203961204577267831767489216.html

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Reply U.S. Warns Apple, Publishers (Original post)
FredisDead Mar 2012 OP
Dreamer Tatum Mar 2012 #1

Response to FredisDead (Original post)

Fri Mar 9, 2012, 01:27 PM

1. Looks like someone wants an iPad 3 before it ships.

Guess Apple better send a few to Washington.

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