Apple, publishers to settle e-books price-fixing suit: Report
Suspected of collusion with intent to drive up e-book prices, Apple and some of its major publication partners are now negotiating to settle a suit brought by the U.S. Department of Justice.
Negotiations continue, but sources close to the talks tell Reuters that Apple and its partners are looking to avoid a long litigation process by bending on some of the wording used in contracts with publishers and retailers.
The "most favored nation" clause, as it has come to be known, states that the price of an electronic book published using Apple's iBookstore cannot be higher … Read more