Anti Trust regulators investigate Google Books deal
Anti Trust regulators are to Investigate the Google Books deal which saw book publishers settle with the search engine giant for a sum total of $125m.
This settlement has been to compensate copyright holders of books featured on the Google Books search service and also gives Google a share of online book sales and adverts.
According to US Deputy Assistant Attorney General William Cavanaugh, the deal warrants further inquiry. He said in a letter filed to the New York District Court:
"The US has reviewed public comments expressing concern that aspects of the settlement agreement may violate the [Anti-Trust] Act."
he also added,
"At this preliminary stage, the US has reached no conclusions as to the merits of those concerns or more broadly what impact the settlement may have on competition,"
Google said in a statement:
"The Department of Justice and several state attorneys general have contacted us to learn more about the impact of the settlement, and we are happy to answer their questions," Google said in a statement.
"It is important to note that this agreement is non-exclusive and if approved by the court stands to expand access to millions of books in the US."
Many book sellers are very concerned however as this may mean that Google takes the lions share of any internet book sales. The Chief Executive of Amazon also expressed his concern over the deal, and believed that it needed to be "revisited".
News Archives
- August 2024
- July 2023
- April 2023
- February 2023
- September 2022
- March 2022
- February 2022
- July 2021
- June 2021
- April 2021
- March 2021
- January 2021
- October 2020
- September 2020
- June 2020
- March 2020
- May 2019
- January 2019
- November 2018
- January 2016
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- January 2015
- October 2014
- June 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- June 2013
- May 2013
- April 2013
- March 2013
- January 2013
- December 2012
- November 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008