
By
Emily | April 1, 2012 |
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The Justice Department, Apple, and five major e-book publishers may reach a settlement regarding the allegations that the tech giant colluded with Simon & Schuster, Penguin, Hachette Group, MacMillan, and HarperCollins to keep e-book prices high, while simultaneously delivering a blow to rival Amazon.
Although the situation is still in flux, sources close to the negotiations report that a settlement would likely end Apple’s “most favored nation clause,” which currently prevents publishers from selling electronic books to retailers such as Amazon or Barnes & Noble for less than they sell digital books to Apple.
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