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Canada's Competition Bureau Reaches Deal With Apple, Publishers

Canada's Competition Bureau Reaches Deal With Apple, Publishers

By Reuters | Updated: 21 January 2017 17:58 IST

Canada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers.

The Competition Bureau's investigation found that an arrangement between the publishers and Apple led to higher prices for Canadians.

The watchdog said it had entered into consent agreements with Apple, Lagardere SCA's Hachette, Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan and CBS Corp's Simon & Schuster that will let other retailers, including Amazon.com and Kobo, give discounts on e-books by those publishers.

The Competition Bureau, however, was unable to reach an agreement with a fourth publisher involved, News Corp's HarperCollins, and filed an application to order it to halt its alleged anti-competitive practices.

The US Supreme Court last year declined to hear Apple's challenge to a court decision that it conspired with five publishers to increase e-book prices.

© Thomson Reuters 2017

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