Penguin, the last major holdout in the antitrust probe involving Apple and publishers over e-book pricing, is now in line with its competitors.
The European Union's European Commission announced on Thursday that it has approved . The book publisher agreed to terminate agency agreements that allow a publisher, not a retailer, to set prices on titles, as well as end the "most favored nation" pricing clauses that offered different prices based on location.
Penguin and the European Commission's agreement comes after other book publishers, including Harper Collins and Hachette, agreed to essentially the same terms back in December. Penguin was conspicuously missing from that deal and has consistently said that it did nothing wrong.
The case relates to alleged e-book price fixing on the part of Apple and book publishers that drove prices up and hurt Amazon's e-book business.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
May 24Apple reports a spike in government national security requests
May 23Apple: Supreme Court shouldn't consider another Samsung case
May 23People are actually happier with the iPhone SE than the iPhone 7
May 23Microsoft launches new Surface Pro like Apple, with an edge