EU Investigates Apple and e-Books Publishers
If the news reports of Bloomberg is to be believed, the regulators representing European Commission will be investigating Apple.
The regulators have formally launched a probe against Apple and five leading eBook publishers. The purpose of this probe is to examine whether Apple and publishing groups engaged in agreements that would harm competition in European Union.
The probe will examining the deal that Apple signed with News Corp.’s Harper Collins, Lagardere’s Hachette Livre, Pearson Plc’s Penguin, CBS Corp.’s Simon & Schuster, and Verlagsgruppe Georg von Holtzbrinck GmbH.
The commission believes that Apple might having some sort of agreement with publishers and practicing price fixing techniques in the ebooks market to ensure an ongoing revenue for all parties. Currently, Apple takes 30% cut of eBooks sales form their own iBookstore.
One of the reasons to include Apple in this probe is the deal that Steve Jobs set with the five publishers back in 2010 when original iPad was released.