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April 22, 2012 05:00 pm GMT
When John D. Rockefeller was told about the U.S. Supreme Courts decision to break up Standard Oil, the founding titan turned to his golfing partner and said, Father Lennon, have you some money? The priest first said, No, but then asked, Why? Rockefeller replied, Buy Standard Oil. It was good advice.Being subjected to stern anti-trust regulation was proof that Rockefeller had indeed built the most valuable private company in the world one that would ultimately be even more valuable broken into parts.This week, the Justice Department announced new monopolist targets as it slapped Apple and five of the largest book publishers with an antitrust lawsuit.Attorney General Eric Holder accuses the companies of price collusion in connection with e-books. Already, three of the five publishers investigated, the Hachette Book Group, Simon & Schuster and HarperCollins, have agreed to a settlement that is likely to overturn the their agency pricing model.Macmillan and Penguin Group USA, also named in the suit, have not yet settled.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4ygQgn0tgq0/
More Anti-Trust Woes Ahead For Apple?
When John D. Rockefeller was told about the U.S. Supreme Courts decision to break up Standard Oil, the founding titan turned to his golfing partner and said, Father Lennon, have you some money? The priest first said, No, but then asked, Why? Rockefeller replied, Buy Standard Oil. It was good advice.Being subjected to stern anti-trust regulation was proof that Rockefeller had indeed built the most valuable private company in the world one that would ultimately be even more valuable broken into parts.This week, the Justice Department announced new monopolist targets as it slapped Apple and five of the largest book publishers with an antitrust lawsuit.Attorney General Eric Holder accuses the companies of price collusion in connection with e-books. Already, three of the five publishers investigated, the Hachette Book Group, Simon & Schuster and HarperCollins, have agreed to a settlement that is likely to overturn the their agency pricing model.Macmillan and Penguin Group USA, also named in the suit, have not yet settled.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4ygQgn0tgq0/
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