Apple is not going to like this. Wall Street Journal (WSJ) has reported that the US Department of Justice (DOJ) may be coming after Apple. And this has nothing to do with an alleged Proview trademark violation in China.
The reputed financial publication reported:
“The Justice Department has warned Apple Inc. and five of the biggest US publishers that it plans to sue them for allegedly colluding to raise the price of electronic books.”
It is not clear if the sources that leaked the information are associated with Apple or the DOJ. Regardless, it is a major developing story and one that could unfold shortly. The Justice Department reportedly believes that Apple and the publishers (Simon & Schuster, Hachette Book Group, Penguin Group, Macmillan, and HarperCollins) should be sued for violating federal antitrust laws.
As of now, it is not known if and how Apple could be punished for allegedly colluding to pump up eBook prices. However, settlement talks are believed to have already begun. And what could the eventual result be for consumers? WSJ says that eBooks will be cheaper now?
Do you agree with WSJ? Post your comments.
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