Bloomberg USA report that Penguin has “offered to overhaul pricing models for digital books” in response to a European Union antitrust investigation.
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
from: Penguin Offers Changes to Settle EU E-Books Antitrust Probe 19th April 2013
The European Union had issued a statement soliciting comments from interested parties on the commitments offered by Penguin, commitments which are
substantially the same as those proposed by Simon & Schuster, Harper Collins, Hachette, Holtzbrinck and made legally binding by the Commission in December 2012