The US Justice Department has warned Apple and five major US publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, a person familiar with the probe said yesterday.
Several parties have held talks to settle the potential antitrust case, said the person, who was not authorized to speak publicly on the matter. It is not yet clear what such a settlement might look like.
The five publishers facing possible Justice Department action are Simon & Schuster, a unit of CBS Corp.; Lagardere’s Hachette Book Group; Pearson’s Penguin Group (USA); Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck; and HarperCollins Publishers, a unit of Post parent News Corp.
US and European officials have been investigating whether publishers and Apple acted together to drive up prices in the booming electronic book industry, blocking rivals such as Amazon from offering cheaper e-books.
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