Three US book publishers have agreed to settle a lawsuit that accused them of price fixing ebooks sold for Amazon.com's Kindle ebook reader, according to English language news reports.According to a Reuters new item posted on the Reuters website Saturday, the three publishers were identified as News Corp's HarperCollins Publishers Inc, CBS Corp's Simon & Schuster Inc and Lagardere SCA's Hachette Book Group. The lawsuit charged that the three publishers fixed high prices on print as well as ebook products.
Amazon.com is not party to the lawsuit.
The settlement only affects Amazon.com customers who purchased ebooks from those three publishers between April, 2010 and May, 2012. The settlement is said to be worth between USD $0.30 and $1.32 per unit sold per customer.
The settlement is expected to be approved in February, 2013.