Not that we were expecting Apple and Macmillan to simply fess up and say, "you're right,
totally tried to circumvent the free market," but both companies have come out swinging pretty hard against the
allegations of price fixing. Apple has rejected the charges, calling them "simply not true." A company spokesman, Tom Neumayr, went so far as to tell
Reuters that Cupertino was actually
fostering competition by "breaking Amazon's monopolistic grip on the publishing industry." John Sargent, the CEO of Macmillan, defended his company's behavior in blog post, saying the publisher had done nothing illegal and that the concessions sought by the DOJ in settlement negotiations were "too onerous." It looks like the next step for both is to face off with the US government in court -- a daunting task, no matter how large your
war chest.
Apple says e-book price fixing charges 'simply not true,' Macmillan also responds originally appeared on Engadget on Fri, 13 Apr 2012 12:02:00 EDT. Please see our terms for use of feeds.
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