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montalex · 04-11-2012, 10:59 AM

Who is destroying the book industry?

US Sues Apple, Publishers Over Electronic Books
By THE ASSOCIATED PRESS
Published: April 11, 2012 at 10:40 AM ET

NEW YORK (AP) — The U.S. government has filed an antitrust lawsuit in New York against Apple Inc. and various major book publishers. It claims the publishers conspired with Apple to raise retail electronic-book prices to limit competition.

The lawsuit was filed Wednesday in federal court in Manhattan. It said the effort was a response to the success Amazon had in selling e-books for just under $10.

The lawsuit said the alleged conspiracy came as Apple was preparing to launch the iPad. It said the alleged conspiracy called for Apple to be guaranteed a 30 percent commission on each e-book it sold.

Apple did not immediately respond to a comment request. ]

04-11-2012, 10:59 AM	#130
montalex Fanatic Posts: 556 Karma: 1283268 Join Date: Mar 2010 Device: KindleDX,Kindle 4, Kindle Keyboard 3G	Who is destroying the book industry? US Sues Apple, Publishers Over Electronic Books By THE ASSOCIATED PRESS Published: April 11, 2012 at 10:40 AM ET NEW YORK (AP) — The U.S. government has filed an antitrust lawsuit in New York against Apple Inc. and various major book publishers. It claims the publishers conspired with Apple to raise retail electronic-book prices to limit competition. The lawsuit was filed Wednesday in federal court in Manhattan. It said the effort was a response to the success Amazon had in selling e-books for just under $10. The lawsuit said the alleged conspiracy came as Apple was preparing to launch the iPad. It said the alleged conspiracy called for Apple to be guaranteed a 30 percent commission on each e-book it sold. Apple did not immediately respond to a comment request. ] Last edited by montalex; 04-12-2012 at 08:38 AM.