Amazon involved with publishers re price-fixing?

http://money.cnn.com/2012/03/08/technology/apple-ebook-price/

Quote :: The spooked publishers went to Apple in 2010, the suit alleges, to find a way to force Amazon to raise its prices. The European Commission launched its own investigation, which seems to hinge on the same theory, in December.
The pressure worked. With the entire publishing industry pushing to set prices themselves, Amazon backed down in 2010 and allowed e-book prices to rise.
It still has regular skirmishes with publishers over rates it considers too high. Last month, Amazon yanked independent publisher IPG's digital books from its Kindle store over a pricing dispute.
Amazon, too, has come under fire for dancing on the legal lines around e-book pricing.
Amazon (AMZN, Fortune 500) and Apple (AAPL, Fortune 500) both strike deals with publishers that forbid them from offering other retailers deeper discounts. Those agreements, dubbed "most favored nation" clauses, aren't straight-out illegal under antitrust laws -- but they're also not always legal.

Curious.

Ann

The part that always interests me is who owns who. Tracing back to owners is a difficult puzzle these days.

Admin Number of posts : 12662 Registration date : 2008-01-11 Location : UK

Interesting, Ann; it will be just as interesting to see what develops from this.