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July 25, 2013 10:24 am -04
Original Link: http://www.engadget.com/2013/07/25/european-commission-penguin-apple-e-book-agreement/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
EU regulator accepts Penguin offer to end dodgy e-book deals with Apple
After the European Commission accepted offers from Apple and four publishers to free up e-book pricing restrictions in December 2012, it's now accepted Penguin's commitment to do the same. Penguin will end its agency agreements with Apple and other retailers, and "most-favored nation" clauses will be dropped from any new deals struck over the next five years. Most importantly, e-book retailers will now be able to control prices and discounts of Penguin's catalog for two years. This legally binding pledge essentially bring an end to EC's "competitive concerns," as all involved in the original price-fixing investigation have now settled up.
Filed under: Apple
Via: Reuters
Source: European Commission
Original Link: http://www.engadget.com/2013/07/25/european-commission-penguin-apple-e-book-agreement/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget