Penguin has
offered, and has confirmed to us that the European Commission has accepted, a settlement with the EC over the agency pricing model for e-books -- a case the stretched back to last year and involved Penguin, along with Hachette, Macmillan, HarperCollins and Simon & Schuster, as well as Apple. The other four publishers and Apple settled with the EC
in September 2012. The deal will mean that Penguin can proceed with its merger with Bertlesmann's Random House, first
announced in October 2012, and approved by Brussels
earlier this month, so that the two publishers can better battle Amazon.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/VgsZktk9k-0/
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