Apple gets smacked by $450-million eBook price-fixing fine

(7 March 2016) The Supreme Court of the United States has declined to hear Apple’s appeal of a lower court decision that it conspired with five publishers to increase eBook prices. Apple must now pay $450 million as part of its anti-trust eBook settlement. Amazon, however, is probably grinning like the Cheshire Cat.

The publishers Apple had joined forces with were Hachette; News Corp’s HarperCollins; Penguin Group Inc; Macmillan; and Simon & Schuster, a division of CBS (ZDNet’s parent company).

Zdnet has the story in full.