13 Aug '11, 10am

Apple, publishers sued for alleged price fixing: report

Apple, publishers sued for alleged price fixing: report

Five book publishers and computer manufacturer Apple have been sued for allegedly colluding to drive up the price of e-books, lawyers for the plaintiffs said. -- PHOTO: AP SAN FRANCISCO (AFP) - Five book publishers and computer manufacturer Apple have been sued for allegedly colluding to drive up the price of e-books, lawyers for the plaintiffs said. The class-action suit, filed in the US District Court in San Francisco, claims HarperCollins, Hachette, Macmillan, Penguin and Simon & Schuster had worked with Apple to break Internet retailer Amazon.com's discount pricing strategy and help Apple's iPad compete with the Kindle marketed by Amazon. According to the suit, the publishers believed that Amazon's popular Kindle e-reader device and the company's discounted pricing for e-books would increase the adoption of e-books, and feared Amazon's discounted pricing structure woul...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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