Breaking: US DOJ Sues Apple And Publishers Over eBook Pricing

Posted on Apr 11 2012 - 2:27pm by Editorial Staff

With the yesterday news we reported that US Department of Justice may sue Apple and other publishers over eBook pricing, Bloomberg is reporting that the DOJ has just did that – filed an antitrust suit against Apple, Hachette, HarperCollins, Macmillan, and Penguin. The action taken by the DOJ today comes after a year-long investigation that results into Apple and other publishers over the eBooks pricing issue. This suit can have a major impact on the digital publishing industry as a whole, and prices of ebooks in particular.

Last month news states that Apple along with five other publishers going to face anti-trust charges from US Department of Justice over the raise in the price of electronic books. Over on which earlier The Justice Department could reach a settlement in the next few weeks with Apple and some of the major publishers suspected of colluding to push up electronic book prices. Anonymous sources told the Wall Street Journal that only Simon & Schuster, HarperCollins and Hachette were actually inclined to settle as of last week, leaving Apple, Penguin and Macmillan waiting to see if the government would push harder.

 

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.