After more than a year of squabbling with the European Commission in an anti-trust case involving Apple’s deals with five publishers that regulators called a conspiracy to fix the price of e-books, the last holdout might be close to settling up. Penguin has offered to ditch its e-book deal with Apple to end the antitrust probe.
The Justice Department is close to wrapping up one more piece of the e-book pricing dispute that’s been going on for months, announcing today it had reached a settlement with Pearson Penguin Group. The government had alleged that Penguin, four other publishers and Apple had been in cahoots to unfairly fix e-book prixes. [More]
They’re going to the chapel and they’re gonna get married: Book publishers Penguin and Random House will become one after their parents company complete an upcoming merger. If the merging of companies in other industries is any indication, this new union could produce higher book prices as the two cease competing, as well as a possible dearth in the selection of titles. [More]
If you want to read recent Penguin releases like Roger Lowenstein’s “The End of Wall Street” on your Kindle, you may have to wait a while, since Amazon and Penguin are still fighting over pricing. If you’re willing to buy the hardbound version, though, Amazon has a deal for you: To pressure Penguin, Amazon is pricing recent Penguin releases at a very Kindle-esque $9.99.