Connecticut Attorney General Richard Blumenthal said on Aug. 2 that he was investigating deals struck by Amazon.com and Apple to offer low prices on electronic books, saying the agreements might block rivals from providing attractive pricing, Reuters reports. Earlier this year, Amazon and Apple agreed to deals with large publishers, ensuring rival booksellers would not be able to receive an even lower price, Blumenthal said. Among those publishers were Macmillan, Simon & Schuster, Hachette, HarperCollins, and Penguin. Blumenthal sent letters to Amazon and Apple asking to meet with officials to address the concerns. “The eBook market is set to explode …, warranting prompt review of the potential anti-consumer impacts,” he said in a statement. “This restriction blocks cheaper and competitive prices for consumers.” Blumenthal, a Democrat, is running for the U.S. Senate seat being vacated by Christopher Dodd…

Click here for the full story

About the Author:

staff and wire services reports