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Apple rejected by Supreme Court, must pay $450 million in e-books conspiracy

March 7, 2016 - Uncategorized

The e-book pricing lawsuit that’s been ongoing since 2012 has finally reached its end today, with Apple being told that it must pay $450 million to settle by the Supreme Court. The Department of Justice alleged that Apple conspired with Penguin, HarperCollins, Hachette, Simon & Schuster and Macmillan to rig book pricing when Steve Jobs asked book publishers to change how books were priced to help promote the iPad in 2010. The DoJ said that the company caused e-book prices to rise to $12.99 or $14.99 because Apple required the publishers to switch their other agreements. Apple asked the Supreme Court to overturn…

This story continues at The Next Web

Source: The Next Web

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