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Extracts from the press conference by Joaquín Almunia on legally binding commitments from Simon & Schuster, Harper Collins, Hachette, Holtzbrinck and Apple for sale of e-books accepted by the EC

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On 13 December 2012, Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference on the Commission's decision regarding the commitments from Apple and four publishing groups for sale of e-books, at the European Commission in Brussels. The Commission's decision is based on Article 9 of the EU's Antitrust Regulation (Regulation 1/2003). It makes the commitments offered by Simon & Schuster, Harper Collins, Hachette, Holtzbrinck and Apple, revised in light of the market test results, legally binding and ends the Commission's proceedings against these companies. It does not conclude on whether EU antitrust rules have been infringed but legally binds the companies concerned to respect the commitments they have offered. If a company were to break commitments made binding on them, the Commission can impose a fine of up to 10% of its annual worldwide turnover, without having to find an infringement of the antitrust rules. A non-confidential version of the decision will be available on the competition website, in the Commission's public case register under the case number 39847.
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Type: EbS   Reference: 91058   Date: 13/12/2012   Duration: 00:02:33
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