In a big to end an EU antitrust investigation and stave off from fines, Apple and four other major publishers decided to offer retailers such as Amazon to sell e-books at a discount for two years, reports Reuters. 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 publication also specifies that with deal, the retailers such as Amazon could not sell the books at a lower price and citing source “the commission is market testing the commitments on an informal basis.”
(Photo Credit: mattbuchanan via photopin cc @ Featured Image)
