Ebook price-setting promise

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The Independent Online

Ebook prices could fall after Apple and four of the world's biggest publishers offered to avoid setting the price of digital reads for five years in response to a European Union competition inquiry.

The EU began investigating alleged price-fixing last year, examining Apple's deals with publishers and the publishers' deals with retailers. If the offer from Apple, Simon & Schuster, HarperCollins, Macmillan and Hachette is accepted, it will end the EU's investigation without fines.