Apple Might Get Sued For Price-Fixing Today

tim cook

Photo: AP

Apple and book publisher Macmillan could be sued by the Justice Department as soon as today for collaborating in the pricing of e-books, reports Bloomberg.The companies deny it, of course, and will argue that pricing agreement enhances competition in the marketplace.

Simon & Schuster, Hachette Book Group, andĀ HarperCollins have also been tagged in the matter, but the report indicates that these companies are more likely to settle than drag out a legal case.

In the meantime, the Justice Department is probing how Apple’s e-book pricing works to determine if it actually helps or hurts competition.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.