The European Commission is investigating claims that Apple and the five publishing houses worked together to keep eBook prices artificially high.
The boom in eBooks is a goldmine for the publishers and tech firms, for the cost of selling them is a fraction of that involved in printing, transporting and selling real books.
The European Commission carried out secret raids on the offices of publishers in March in an attempt to gather evidence.
Yesterday, it announced a formal investigation to discover whether international publishers Harper Collins, Penguin, Hachette Livre, Simon & Schuster, and Germany’s Verlagsgruppe Georg von Holzbrinck have ‘engaged in anti-competitive practices’.
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