Apple, two publishers hold out against settlement - report

Thu Apr 5, 2012 6:51am IST

A model is seen reflected in a mirror while she reads her iPad backstage before the Peter Som Fall/Winter 2012 collection show during New York Fashion Week, February 10, 2012. REUTERS/Carlo Allegri/Files

A model is seen reflected in a mirror while she reads her iPad backstage before the Peter Som Fall/Winter 2012 collection show during New York Fashion Week, February 10, 2012.

Credit: Reuters/Carlo Allegri/Files

Related Topics

Stocks

   

REUTERS - Apple Inc (AAPL.O) and publishers Pearson (PSON.L) and Macmillan are reluctant to agree to terms sought by U.S. and European antitrust authorities investigating possible electronic-book price-fixing, the Wall Street Journal cited sources as saying on Wednesday.

Apple and some of the world's biggest book publishers are suspected of colluding to push up e-book prices and are under investigation by the U.S. Justice Department and the European Commission. Reuters reported on March 30 that the U.S. Justice Department could reach a settlement in the case in the next few weeks.

The Journal, citing sources, reported that CBS Corp's (CBS.N) Simon & Schuster Inc, HarperCollins Publishers Inc and Lagardere SCA's Hachette Book Group are inclined to settle. But Apple, Pearson and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH, are unwilling to, according to the report.

The U.S. Justice Department is seeking to unravel agreements Apple secured from five publishers about two years ago as the Silicon Valley company was launching its iPad and was seeking to break up Amazon's (AMZN.O) dominance in the digital book market.

Officials with the Justice Department declined to comment when contacted by Reuters.

(Reporting By Liana B. Baker; Editing by Matt Driskill)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Wipro Results

People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

Wipro sees rosier end to year as U.S. clients spend

India's third-biggest software services firm Wipro Ltd , under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.  Full Article 

Reuters Showcase

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

Apple-1 Auction

Apple-1 Auction

Early Apple computer sells for $905,000 at auction.  Full Article 

No More Nokia

No More Nokia

Microsoft looks set to drop Nokia name from smartphones.  Full Article 

User Data Security

User Data Security

Apple CEO discusses security with top Chinese official amid hacking claims - Xinhua.  Full Article 

Patent Wars

Patent Wars

Big Tech winning battle with 'patent trolls'.  Full Article 

Record Season

Record Season

FedEx expects record peak volume of 22.6 million packages on Dec. 15.  Full Article 

Yahoo Earnings

Yahoo Earnings

Yahoo ekes out Q3 revenue gain despite display ad weakness.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage