Penguin Settles With EU On Apple E-Book Pricing Case To ?Clear The Decks? For Random House Merger

Penguin has offered, and has confirmed to us that the European Commission has accepted, a settlement with the EC over the agency pricing model for e-books -- a case the stretched back to last year and involved Penguin, along with Hachette, Macmillan, HarperCollins and Simon & Schuster, as well as Apple. The other four publishers and Apple settled with the EC in September 2012. The deal will mean that Penguin can proceed with its merger with Bertlesmann's Random House, first announced in October 2012, and approved by Brussels earlier this month, so that the two publishers can better battle Amazon.

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