Apple, Four Publishers Bid to End EU Price-Fixing Probe
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Apple Inc., the world’s biggest technology company, and four publishers offered to overhaul pricing models for digital books to allay European Union concerns that they blocked competition.
The publishers won’t limit retailers’ discounts for two years under details of proposals by Apple, CBS Corp.’s Simon & Schuster, News Corp.’s HarperCollins, Verlagsgruppe Georg von Holtzbrinck GmbH’s Macmillan unit and Lagardere SCA’s Hachette Livre published today in the EU’s Official Journal. The European Commission said they first made an offer to settle its investigation in April.