Barnes and Noble are unhappy with the US DOJ's settlement on the price fixing row, claiming it will allow Amazon full powers in discounting books.
Barnes & Noble Inc. disagreed
with the U.S. government’s e-books settlement this week, noting that it
could lead to higher e-book and hardback prices and less of a choice for
millions of book buyers and sellers.
The brick-and-mortar bookstore chain filed a complaint with the U.S.
Justice Department Thursday in an effort to battle the government’s
e-books settlement.
Barnes & Noble said the settlement would lead to “higher overall
average e-book and hardback prices and less choice, both in how to
obtain books and in what books are available.” Before the agency pricing
model, Barnes & Noble was “losing substantial money in an effort to
compete with Amazon’s pricing and was unable to gain significant market
share.”
Barnes & Noble is constantly struggling to compete with the likes of
Amazon simply because it cannot compete pricewise. However, the book
retailer recently announced a partnership with Microsoft for "Newco" e-book subsidiary,
which enhance e-book offerings via Microsoft's Windows 8 and Barnes
& Noble's Nook tablet. Barnes & Noble will own about 82.4
percent of Newco while Microsoft will own 17.6 percent. FULL STORY
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