Penguin scraps Apple's eBook pricing dealApril 23, 2013 - 13:28 AMT PanARMENIAN.Net - Apple's eBook pricing agreement with Penguin has come to an end, with the bookseller moving to ward off an EU antitrust probe, Digital Spy said. The controversial deal, which has been under investigation for the past 16 months, prevented rival retailers such as Amazon from selling the publisher's digital titles for cheaper. "Penguin confirms that, subject to the market test currently under way, it has reached an agreement with the European Commission to settle its investigation into the establishment of agency pricing agreements for eBooks," said Penguin in a statement. "Penguin's position that it has done nothing wrong remains unchanged and the company continues to believe that the agency pricing model operates in the best interests of consumers and authors. "While we disagree with some elements of the Commission's analysis, we are settling as a procedural matter to clear the decks in anticipation of our proposed merger with Random House." Although the abolition of the deal spells an end to the EU's probe, the two companies remain under scrutiny in the US, where Apple CEO Tim Cook has been ordered to testify in court. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |