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Apple and publishers offer retailers discounted ebooks in bid to avoid EU antitrust fine

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Apple and four major European publishers are offering to sell ebooks at a discount in an attempt to end an EU antitrust investigation into price-fixing.

Harry Potter ebooks
Harry Potter ebooks

Apple and four major European publishers are offering to sell ebooks at a discount in an attempt to end an EU antitrust investigation into price-fixing. The news comes from an unnamed source at Reuters, who adds that the discount would last for two years. The publishers, which include giants like Harper Collins and Simon & Schuster, were accused of colluding to fix ebook pricing at a certain level instead of competing, possibly "with the help of Apple." According to Reuters, the deal specified that other retailers, such as Amazon, could not sell the books at a lower price. We've reached out to the parties involved in the story to confirm its accuracy, and will update you when we hear back.