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

TECH DEAL

A view of Microsoft and Nokia signs in Peltola, Oulu July 16, 2014. Microsoft Corp said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations. REUTERS/Markku Ruottinen/Lehtikuva

Microsoft to use Opera browser on low, mid-market phones

Microsoft has agreed to install Opera Software's Internet browser on low and mid-market mobile phones it inherited from Nokia, potentially putting Opera Mini on another 100 million phones year.  Full Article 

Reuters Showcase

Photo

Privacy Violation

Class action against Facebook attracts 60,000 users.  Full Article 

Taxi to Space

Taxi to Space

Boeing says completed key design review for space taxi.  Full Article 

PayPal Unit

PayPal Unit

EBay considering PayPal spinoff - report.  Full Article 

Hack Alert

Hack Alert

FBI warns healthcare companies they are targeted by hackers .  Full Article 

Reuters India Mobile

Reuters India Mobile

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