Penguin Settles E-Books Suit

    Image #: 19882009    epa03447768 Penguin and Random House books sit on  a shelf at a bookshop in London, Britain, 26 October 2012. British publishing group Pearson, which owns Penguin and the Financial Times, confirmed 26 October that it is in merger talks with Random House, which belongs to Germany's Bertelsmann, Europe's biggest media concern. If the talks are successful they would create the world's biggest book publisher, according to reports.

    Andy Rain / EPA / Landov

    Penguin Books has become the last of the five major publishers to reach a settlement with the U.S. Department of Justice over an alleged e-books price-fixing lawsuit. Penguin, Hachette, Simon & Schuster, HarperCollins, and Macmillan were accused of colluding with computer giant Apple to fix the price of e-books to compete with Amazon's low $10 tag. Penguin will pay $75 million to reimburse consumers. Currently Apple is the only remaining defendant in the DOJ case, which is scheduled to go to trial in June.

    Read it at The Christian Science Monitor