According to a new report from Reuters, EU authorities are about to accept a deal with Apple and four book publishers in order to end an antitrust investigation into whether Apple conspired with publishers to prevent Amazon from undercutting Apple’s ebook pricing. The companies originally proposed the settlement in late August, and it would see Amazon go back to its original ebook pricing for two years. By making the deal, Apple and the publishers will be able to put an end to the antirust investigation and avoid related fines:
Apple, Simon & Schuster, News Corp unit HarperCollins, Lagardere SCA’s Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck, the owner of German company Macmillan, made the proposal to the European Commission in September…Pearson Plc’s Penguin group, which is also under investigation, did not take part in the offer.
In the U.S., the U.S. Department of Justice has come to similar agreements with at least three publishers. Apple unsuccessfully attempted to delay the settlements until the case goes to trial in June 2013. According to Reuters, EU regulators could accept the settlement as early as next month:
“The Commission is likely to accept the offer and announce its decision next month,” the person said.