EU e-book settlement: Apple to give up “most favored nation” contracts

Amazon is poised for a European e-book pricing victory over Apple. European Union regulators are expected to accept a settlement proposed by Apple and several e-book publishers in response to an alleged price-fixing scheme, even as Apple continues to fight US regulators. Apple and publishers proposed the settlement to the EU in August, which would allow e-book retailers to charge whatever discounts they please for two years. This would allow Amazon to continue selling books at a discount via the old “wholesale model.”

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