In a move that looks hopeful for the American market, Apple has vowed to stop fixing ebook prices in Europe, Macworld reports. As part of the agreement, Apple will terminate the agency-pricing agreements with the five companies involved in the European antitrust suit: Hachette Livre, Harper Collins, Simon & Schuster, Penguin and MacMillan. Apple first offered to settle in April.

As part of the settlement, Apple said it will allow retailers to set ebook prices in European markets for two years.

Despite a partial deal being reached in the U.S., Apple is still part of the ongoing antitrust suit here.

Apple says it will stop ebook price fixing in Europe originally appeared on TUAW – The Unofficial Apple Weblog on Thu, 20 Sep 2012 12:00:00 EST. Please see our terms for use of feeds.

Source | Permalink | Email this | Comments

You can follow on Twitter or join our Facebook page to keep yourself updated on all the latest from Apple and the Web.