Home From the Wires Apple conspired to raise price of ebooks

Apple conspired to raise price of ebooks

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Wednesday, July 10, 2013

Reuters: A federal judge ruled that the company conspired with five major publishers to raise the retail prices of e-books.

U.S. District Judge Denise Cote in Manhattan found "compelling evidence" that Apple violated federal antitrust law by playing a "central role" in a conspiracy with the publishers to eliminate retail price competition and raise e-book prices.

 

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