The European Commission formally adopted “commitments” from Amazon to avoid legal charges and potential fines for violating antitrust law with their ebook contracts. Hewing closely to the proposed settlement announced in late January, with some slight modifications, Amazon agrees to drop a broad range of restrictive most-favored-nations clauses in their ebook contracts in Europe for the next 5 years. Notably, the agreement pertains not just to European companies, but “to any e-book in any language distributed by Amazon in the European Economic Area.” EC commissioner in charge of competition policy Margrethe Vestager said in a statement: “Today’s decision will open the way […]
