Penguin Offers Changes to Settle EU E-Books Antitrust Probe
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Pearson Plc’s Penguin offered to overhaul pricing models for digital books to settle a European Union antitrust probe into whether they blocked competition.
Penguin won’t “restrict, limit or impede” e-book retailers’ discounts or their ability to “set, alter or reduce retail prices for e-books” for two years, according to details of the proposed changes as published in the EU’s Official Journal today. Apple Inc., the world’s biggest technology company, and four publishers previously offered similar remedies to allay European concerns.