Steve Jobs' last big deal is Apple's biggest headache

Before his death in October of last year, one of Steve Jobs' last big moves was Apple's foray into electronic books. The company announced the platform in March 2010, but the method in which Apple handled its deals with publishers has caught the eye of regulators. The Justice Department plans to sue Apple and the five biggest book publishers -- including Simon & Schuster Inc, Hachette Book Group, Penguin Group USA, Macmillan, and HarperCollins -- and accuse them of colluding to raise prices of books. Apple is alleged to have struck an agreement with the publishers that allowed them to… [Continue Reading] Continue reading at 'Betanews'

[ Betanews | 2012-03-08 00:00:00 UTC ]
News tagged with: #electronic books #steve jobs #big deal #company announced #raise prices

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